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<h1>Liability for default: REITs and associated persons face regulatory action, including measures under intermediary regulations.</h1> Liability for default attaches to a REIT, parties to the REIT or any other person involved in REIT activities who contravenes the Act, these Regulations, or Board-issued notifications, guidelines, circulars or instructions, and such contraventions expose the defaulting person to one or more specified actions, including measures under the SEBI (Intermediaries) Regulations, 2008.