Why debenture trustee is required?

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A debenture trustee is required to assist the issuer company to oversee the end- to- end NCD issue process from offer letter till settlement of debts. The concept of debenture trustee came into existence due to the difficulties faced by the issuer company to single-handedly deal with each debenture holder for various matters leading to inefficiency in the NCD issue process and an increase in defaults.

Hence was felt the need for a single point of contact who can act as a link between the issuer company and debenture holder for the smooth functioning of the process and protecting the interest of the debenture holders.


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