[ad_1] Mumbai: Defense of Debenture Trustees Bombay High CourtTo avoid scrutiny by the anti-trust regulator competition commission of India (CCI), has empowered the market regulator to initiate its investigation into alleged price cartels by custodians of debt instruments. People with direct knowledge of the matter said that the Securities and Exchange Board of India (SEBI)SEBI) is investigating debenture trustees to ascertain whether they have violated the fairness and transparency standards applicable to market intermediaries. In February, the CCI had launched an investigation against the debenture trustees to find out whether…