IDBI Trusteeship faces Rs 1-lakh fine for non-compliance of debenture trustee norms

Accordingly, by failing to conduct inspection of the books of accounts, records, registers of FHHPL, the noticee has violated DT (Debenture Trustees) Regulations. She also noted that the noticee had not taken any reasonable and necessary steps to fulfil its obligations, and hence can be made liable for the neglect and failure of FHHPL.

from Banking/Finance-Industry-Economic Times https://ift.tt/O7SxThV