Supreme Court · 2022 INSC 885 · Decided 30 August 2022
Securities and Exchange Board of India v. Rajkumar Nagpal & Ors
- Court
- Supreme Court of India
- Citation
- 2022 INSC 885 · [2022] 15 S.C.R. 1
- Case number
- CIVIL APPEAL No. 5247/2022
- Decided
- 30 August 2022
- Bench
- D.Y. CHANDRACHUD, SURYA KANT, A.S. BOPANNA (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 391, 430
Headnote
SEBI (Debenture Trustees) Regulations 1993 - Companies Act 1956 - S. 391 (s. 230 Analogous provision, Present law) - Company Act 2013 - SS. 1(4), 430 - Recovery of Debts - Resolution Plan - Debenture Holders - Debenture Trust Deeds Limited (RCFL) issued Non-Convertible Debentures to various persons - Vistra ITCL was the Debenture Trustee - RCFL committed default under the Debenture Trust Deed on March 4, 2019 - On June 07, 2019, a RBI circular provided that certain lenders may opt for a resolution strategy
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)