The applicant, a debenture trustee, filed an application under Section 7 of the IBC, 2016, claiming to be a financial creditor due to a default in payment by the corporate debtor. The application was based on debenture trust deeds for initial and additional funding.
Orbis Trusteeship Services Private Limited, the applicant, was appointed as a debenture trustee to act for the benefit of debenture holders. This appointment was formalized through a debenture trustee deed dated June 27, 2019, which was later amended and restated on September 30, 2020. The applicant's role was to represent the interests of the debenture holders in their dealings with Nobal Buildtech Private Limited, the corporate debtor.
…Debenture trus…
Debenture trus…
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The applicant, a debenture trustee, filed an application under Section 7 of the IBC, 2016, claiming to be a financial creditor due to a default in payment by the corporate debtor. The application was based on debenture trust deeds for initial and additional funding.
Orbis Trusteeship Services Private Limited, the applicant, was appointed as a debenture trustee to act for the benefit of debenture holders. This appointment was formalized through a debenture trustee deed dated June 27, 2019, which was later amended and restated on September 30, 2020. The applicant's role was to represent the interests of the debenture holders in their dealings with Nobal Buildtech Private Limited, the corporate debtor.
…Debenture trus…
Debenture trus…
Sign in to view related legal provisions.