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.