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
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What is this order about?
SEBI examined Catalyst Trusteeship Limited for failing to follow rules about handling defaults by issuers of debentures, specifically regarding timely communication with debenture holders, sharing correct information with credit rating agencies, issuing press releases, and updating default records.
Who it concerns
Catalyst Trusteeship Limited
What was found or directed
- Violated Regulation 15(1)(d) of DT Regulations and clause 3.3.1 of Chapter X of Master Circular for DTs
- Violated clauses 2.2 and 3.1.2 of Chapter VIII of Master Circular for DTs
- Violated clause 4 of Chapter VIII of Master Circular for DTs
- Violated Chapter XII of Master Circular for DTs
- Failed to issue notice to debenture holders within 3 days of default
- Shared incorrect information with Credit Rating Agency (CRA)
- Failed to issue press release within 1 day of default
- Failed to update default history on India BondInfo within 7 days
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/JS/VC/2026-27/32414 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-05-25
ORDER_1779686012.pdf
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