debt securities; and (ii) in the event of default, the debenture trustee shall be entitled to enforce security interest in the same manner as provided ... terms and conditions of security documents executed in favour of the debenture trustee;] (3) The notice referred to in sub-section (2) shall give details
days demanding payment of dues served upon such borrower by the debenture trustee or any other authority in whose favour security interest is created ... Status, Immunities and Privileges) Act, 1958 ( 42 of 1958 ); (iiia) [ a debenture trustee registered with the Board and appointed for secured debt securities; [Inserted
Holder/ the Debenture Trustee and/or
the Security Trustee/ the Lender pursuant to the Debentures/ Facility
and/or requiring the Debenture Trustee/ the Debenture Holder ... guaranteed shall be
payable to the Debenture Trustee and/or the Security Trustee immediately
upon the Debenture Trustee and/or the Security Trustee/ Lender serving
creditors and to all the members or class of members and the debenture-holders of the company, individually at the address registered with the company ... debenture-holders and the effect of the compromise or arrangement on any material interests of the directors of the company or the debenture trustees
after notice of ninety days served upon the borrower by the debenture trustee or any other authority in whose favour security interest is created ... notification means a notification published in the Official Gazette; (ib) [ a debenture trustee registered with the Board and appointed for secured debt securities;] [Inserted
agreed that the Bank of Baroda would be a appointed the debenture trustee in respect of the debentures of Rs. 50 lakhs to be issued
more debenture trustees and the conditions governing the appointment of such trustees shall be such as may be prescribed. (6) A debenture trustee shall take ... debentures when it is due, the Tribunal may, on the application of any or all of the debenture-holders, or debenture trustee and, after hearing
Companies Act, 1956
117B. Appointment of debenture trustees and duties of debenture trustees .-
(1) No company shall issue a prospectus or a letter of offer ... trustees for such debentures and the company has, on the face of the prospectus or the letter of offer, stated that the debenture trustee
debentures). ―Outstanding Amounts‖ was
defined in Clause 1.1.73, as meaning all the amounts payable
by the petitioner to the Debenture Holders and the Debenture
Trustee ... Debenture
Holders, Redemption Premium; fourthly, to pay, to the
Debenture Holders, pari passu, the principal amount of the
Debentures; fifthly, to pay, to the Debenture
debenture holders. There were other provisions in the debenture deed which conferred rights on the debenture holders & the trustees for the debenture holders ... trustees', action in entering into possession of the debenture premises on 14th February 1947.
2. Resolved that the meeting approves of the debenture trustees
