Supreme Court of India · 2022-08-30
SECURITIES AND EXCHANGE BOARD OF INDIA vs RAJKUMAR NAGPAL
- Citation / case number
- SC 2022/9266
- Court
- Supreme Court of India
- Petitioner
- SECURITIES AND EXCHANGE BOARD OF INDIA
- Respondent
- RAJKUMAR NAGPAL
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE SANJIV KHANNA, HON'BLE MR. JUSTICE SURYA KANT
Judgment text excerpt
The Supreme Court addressed the legal framework surrounding the resolution of debts under the Companies Act and the role of the Securities and Exchange Board of India (SEBI) in regulating debenture trustees. The court examined the implications of various SEBI circulars and regulations on the contractual obligations of debenture trustees. Ultimately, the court upheld the authority of SEBI to enforce compliance with its regulations, reinforcing the regulatory framework for debt resolution.