Adjudication Order in respect of Catalyst Trusteeship Limited in the matter of thematic insp…
This order addresses an adjudication by SEBI against Catalyst Trusteeship Limited for alleged failures to follow regulatory timelines and procedures when handling a default by an issuer, Srivatsa Encivil Pvt. Ltd.
Catalyst Trusteeship Limited (Debenture Trustee); Srivatsa Encivil Pvt. Ltd. (Issuer); Edelweiss India Real Estate Fund and Edelweiss Alternative Asset Advisors Limited (Debenture Holders)
- SEBI alleged violations of Regulation 15(1)(d) of DT Regulations and various clauses of the Master Circular for DTs dated May 16, 2024.
- Alleged failure to issue a notice to debenture holders within 3 days of the default event (default occurred June 30, 2024; notice sent July 12, 2024).
- Alleged sharing of incorrect information with Credit Rating Agencies (CRAs) regarding the status of payment.
- Alleged failure to issue a press release within one day of the default event (issued July 12, 2024).
- Alleged failure to update the default history on the India BondInfo database within 7 days of knowledge of default (updated July 12, 2024).
- The order text provided is truncated and does not contain the final penalty amount or final decision.
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Document details
| Official title | Adjudication Order in respect of Catalyst Trusteeship Limited in the matter of thematic inspection of debenture trustees with respect to action taken in the event of default by issuers |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/JS/VC/2026-27/32414 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |