Meeting must comply with Trust Deed terms; Alignment with prior deeds essential. Deadline: 30 days. The High Court of Bombay held that the meeting must adhere to the terms of the Debenture Trust Deed and that the Supplementary Trust Deed should align ...
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Meeting must comply with Trust Deed terms; Alignment with prior deeds essential. Deadline: 30 days.
The High Court of Bombay held that the meeting must adhere to the terms of the Debenture Trust Deed and that the Supplementary Trust Deed should align with prior Trust Deeds. Parties are required to comply within 30 days from the clarification date and act upon receipt of a digitally signed copy of the order.
The High Court of Bombay clarified that the meeting should not deviate from the terms of the Debenture Trust Deed. The Supplementary Trust Deed must be read consistently with the previous Trust Deeds. The 30-day period for compliance starts from the date of the clarification. All parties must act upon receipt of a digitally signed copy of the order.
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