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

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 .....

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