Khemka v. Catalyst Trusteeship

State Consumer Disputes Redressal Commission, ChandigarhAppeal No. 58 of 2023

Bench: Raj Shekhar Attri (President), Rajesh K. Arya (Member)

The debenture trustee (Catalyst Trusteeship Ltd.) was held liable for failure to protect interests of debenture holders on default in payment by Dewan Housing Finance Ltd. Credit Rating Agencies (CARE and Brickworks) were held liable for unfair trade practice and manifest breach of SEBI rules and regulations.