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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Recovery Expense Fund clarified: reimbursements for enforcement and legal expenses allowed; stock exchange to release funds within five working days.</h1> The circular permits the Recovery Expense Fund to reimburse Debenture Trustees or Lead Debenture Trustees for enforcement and legal expenses related to defaults - including consents, voting, meetings, court filings, legal fees, asset recovery and legal consultants - without prior debenture-holder approval when within the specified purposes. For other uses, prior consent of holders is required and the Designated Stock Exchange must be informed. Trustees must request fund release from the Designated Stock Exchange, submit an independent auditor's certificate for verification, and the Exchange shall release funds within five working days. Trustees must maintain accounts of expenditures and provide annual updates to holders.

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