Procedure for action in case of default removed, altering regulatory framework for debenture trustees' enforcement obligations. Regulation 31 of the SEBI (Debenture Trustees) Regulations, 1993, concerning the procedure for action in case of default, was omitted and the specific default procedure provision no longer forms part of the 1993 Regulations, with default-related actions governed by the subsequent procedural regime.
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Provisions expressly mentioned in the judgment/order text.
Procedure for action in case of default removed, altering regulatory framework for debenture trustees' enforcement obligations.
Regulation 31 of the SEBI (Debenture Trustees) Regulations, 1993, concerning the procedure for action in case of default, was omitted and the specific default procedure provision no longer forms part of the 1993 Regulations, with default-related actions governed by the subsequent procedural regime.
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