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<h1>SEBI Sets Framework for Managing Defaulted Debt Securities Post-Maturity, Effective July 2020, to Enhance Market Transparency.</h1> The Securities and Exchange Board of India (SEBI) has established an operational framework for transactions involving defaulted debt securities post-maturity or redemption date. This framework, effective from July 1, 2020, outlines the roles and responsibilities of issuers, debenture trustees, stock exchanges, and depositories in managing such transactions. It includes procedures for lifting trading restrictions, reporting payment statuses, and updating transaction records. Issuers must inform relevant parties about payment statuses promptly, and debenture trustees are tasked with verifying payment information. The framework aims to protect investors and ensure transparency in the securities market.