Maintenance of security cover for secured debt made transparent by SEBI
Debenture trustees responsible for monitoring the security cover and covenants effective October 1, 2022 – Vinita Nair, Senior Partner | corplaw@vinodkothari.com Background Securities and Exchange Board of India (‘SEBI’) is carrying out radical changes in relation to monitoring the security cover and covenants with respect to listed debt securities. Recently, SEBI amended SEBI (Listing Obligations […]