SEBI Fines Catalyst Trusteeship ₹1 Lakh for Neglecting Debenture Trustee Responsibilities
The Securities and Exchange Board of India (SEBI) has adjudicated a case involving Catalyst Trusteeship Limited (Noticee) concerning alleged breaches of trust deed covenants by Spandana Sphoorty Financial Limited (SSFL). The adjudication focuses on violations of various SEBI Circulars and Regulations related to debenture trusteeship. Detailed Case Summary: 1. Violation of SEBI Circulars: - Clause 3 of SEBI Circular No. SEBI/HO/MIRSD/CRADT/CIR/P/2020/230 dated November 12, 2020 (superseded by the Master Circular…
