Procedure for action in case of default removed, with default governance now governed by subsequent procedure regulations. Regulation 27 of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, titled Procedure for Action in Case of Default, was omitted by a subsequent SEBI procedure regulation concerning enquiry and penalty procedures; the omission removes the specific procedural regime from the 1993 Regulations and places default procedural governance under the later procedure regulations.
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Provisions expressly mentioned in the judgment/order text.
Procedure for action in case of default removed, with default governance now governed by subsequent procedure regulations.
Regulation 27 of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, titled Procedure for Action in Case of Default, was omitted by a subsequent SEBI procedure regulation concerning enquiry and penalty procedures; the omission removes the specific procedural regime from the 1993 Regulations and places default procedural governance under the later procedure regulations.
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