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NCLAT Fortnightly (Feb 16–28, 2026) — Bar & Bench
Vistra ITCL v. Radius Estate Projects — NCLAT 2026: Covenant to Pay in Third-Party Mortgage Creates Financial Debt Under IBC
NCLAT reversed NCLT's May 2024 order and held that Vistra ITCL, acting as Debenture Trustee, qualifies as a Financial Creditor of Radius Estate Projects — because the mortgage deed contained a "covenant to pay," creating an independent guarantee-like obligation under Section 5(8) IBC.
NCLAT Fortnightly (Feb 16–28, 2026) — Bar & Bench
13 May 202628 min
Extension of timeline for compliance with terms and conditions by Debenture Trustees for carrying out activities outside the purview of SEBI
SEBI Extends Compliance Deadline for Debenture Trustees to October 27, 2026 – 6 Month Extension Granted
SEBI has granted an additional 6 months to Debenture Trustees for complying with Regulation 9C requirements. The new deadline to transfer non-SEBI activities to separate business units is October 27, 2026. All other conditions of the November 25, 2025 circular remain unchanged.
Extension of timeline for compliance with terms and conditions by Debenture Trustees for carrying out activities outside the purview of SEBI
29 April 2026Eff. 28 April 20269 min