 "CCI")
Bombay High Court on Monday put on hold an antitrust investigation into trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees, saying the market regulator would first look into the case.
Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect the interests of investors. The trustees charge a fee from the companies issuing the debt and make due-diligence checks on them.
Reuters reported last week the Competition Commission of India (CCI) had ordered an investigation into debt trustee units of the three banks and a group representing
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