trustees.--
Whenever any new trustee is appointed under section 73 or
section 74 , all the trust property for the time being vested in
the surviving ... trustees or trustee, or in the legal
representative of any trustee, shall become vested in such
new trustee, either solely or jointly with the surviving
creditors. Hence, the Respondents are
dependent upon each other for their economic survival
and their accounts are interlinked for benefit of each
other ... Corporate Debtor' has provided the Corporate
guarantee to SBI Cap. Trustee Co. Ltd. on behalf of
M/s. Sona Alloys Private Limited against
creditors. Hence, the Respondents are
dependent upon each other for their economic survival
and their accounts are interlinked for benefit of each
other ... Corporate Debtor' has provided the Corporate
guarantee to SBI Cap. Trustee Co. Ltd. on behalf of
M/s. Sona Alloys Private Limited against
other security or security documents already
held of which the Debenture Trustee may hold hereafter on account or in
relation to the redemption of Debentures ... exhausted
by any payments made to or settled with the Debenture Trustee by any
Obligor and shall be valid and binding on the Guarantor
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A
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AT CHENNAI
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