Debenture Trustees Stall CCI Probe, but Now Under Sebi Lens

The court put a temporary stay on the CCI investigation and asked Sebi to provide its opinion on the matter. The case is likely to be heard in the first week of July. An email sent to Sebi remained unanswered."While the court had asked for Sebi's views, in the meantime the market regulator has initiated a probe into the matter," said a person cited above. "Sebi has already asked the trustees to provide an extensive list of documents that explain how the pricing formula was arrived upon."

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