Insertion of new section 30B.

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..... anything contained in the Indian Trust Act, 1882 (2 of 1882.) or in any other law for the time being in force or in any judgment, decree or order of any Court, Tribunal or any other authority, a pooled investment vehicle, whether constituted as a trust or otherwise, and registered with the Securities and Exchange Board of India shall be eligible to borrow and issue debt securities in such manner a .....

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..... onditions specified in the facility documents: Provided that on initiation of the proceedings against the trust assets, the trustee shall not be personally liable and his assets shall not be utilised towards recovery of such debt. (4) The trust assets, which remain after recovery of defaulted amount, shall be remitted to the unit holders on proportionate basis. . - - statute, statutory p .....

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