Adjudication Order in respect of IDBI Trusteeship Services Limited in the matter of thematic inspection of debenture trustees with respect to action taken in the event of default by issuers
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What is this order about?
SEBI issued an order against IDBI Trusteeship Services Limited (ITSL) for failing to comply with regulations regarding debenture trustees' actions when issuers default on payments or redemption.
Who it concerns
IDBI Trusteeship Services Limited
What was found or directed
- Violated Regulation 15(1)(d) of DT Regulations
- Violated clause 6.1 of SEBI circular dated October 13, 2020
- Violated clause 3.3.1 of Chapter X of Master Circular for DTs
- Violated clause 6.2 of SEBI circular dated October 13, 2020
- Violated clause 3.3.2 of Chapter X of Master Circular for DTs
- Violated clause 2.5 of Chapter XIV of SEBI circular dated April 13, 2022
- Violated Regulation 15(1)(e) of DT Regulations
- Violated Regulation 15(2)(b) of DT Regulations
- Violated clause 6.3 of SEBI circular dated October 13, 2020
- Violated clause 3.3.3 of Chapter X of Master Circular for DTs
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/JS/VC/2026-27/32424 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-05-27
ORDER_1779869488.pdf
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