https://www.taxtmi.com/circulars?id=68995 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. en-us Tue, 25 Nov 2025 00:00:00 +0530 Wed, 26 Nov 2025 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68995 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. Circulars SEBI Tue, 25 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68995