Debenture Trustees Allegedly Breach SEBI Act; Show-Cause Proceedings Underway, Petitioners to Defend Before SEBI.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Debenture Trustees liability in default - Violation of SEBI Act - Proceedings of SEBI are only at the show-cause stage. The petitioners have the opportunity to establish their case before the Board. - the function of the court is to see that lawful authority is not abused but not to appropriate to itself the task entrusted to that authority. - HC....