At least three MLAs were marshalled out on the directions of Speaker Abdul Rahim Rather but the brawl ensued due to resistance put up by the opposition members.
BJP members, including the Leader of Opposition Sunil Sharma, opposed the resolution, saying it was not part of the listed business.
The notice requested Rashid or a representative of his to appear before the district expenditure monitoring committee within two days to address the discrepancy and ensure timely submission of the expenditure report to the Election Commission of India.
Rashid was arrested on August 9 last year, since he was unable to give any convincing answers to the questions, the NIA said.
J&K MLA Sheikh Abdul Rashid protest against civilian killings in the ongoing unrest in the valley.
The police on Saturday detained Independent Member of Legislative Assembly Sheikh Abdul Rashid after he tried to take out a protest march against Prime Minister Narendra Modi's public rally in Srinagar.
A novel protest by a sitting MLA against the dog menace was frustrated by the Jammu and Kashmir police in summer capital Srinagar on Wednesday.
Curfew was reimposed in Shopian town of south Kashmir on Thursday following death of a youth in firing by security forces that took the death toll in the area to five since Saturday.
With the results of the Jammu & Kashmir assembly elections out, hectic lobbying among the political parties has started, with a visible sign of the People's Democratic Party and the Congress warming-up to form the government.
Drabu said the GST regime will roll out in the state at midnight on Friday, making Jammu and Kashmir the last state to join the new tax regime.
The suspense over government formation in Jammu and Kashmir following the hung verdict in the assembly elections continued on Wednesday as the People's Democratic Party, the single largest party, and the Bharatiya Janata Party, the next big outfit, kept their cards close to the chest.