What are the secured rights of NCD holders ?

These are the rights of NCD holders, whether secured or unsecured:

• NCD holders can sue the company to recover principal and interest.
• They may also file a request for compulsory dissolution.
• If the company closes down, NCD holders will be eligible for principal repayment.

Secured NCD Holders:

• Investors have the option to file a suit for compulsory dissolution via the DT (Debenture trustee).
• They may also file suit to sell the company's property.
• NCD holders have the right to restrict their company and prevent the sale of property.
• If the trustee is allowed, investors may also appoint a liquidator to collect the repayment charge.
• The holder may sue the company for any balance payments if the company's charged assets are less than the full amount.