Supreme Court Directs Franklin Templeton To Seek Investors Consent For Winding Up Funds

The Supreme Court on Wednesday ordered that Franklin Templeton cannot wind up debt funds without taking the consent of majority of the investors.

The Supreme Court on Wednesday ordered that Franklin Templeton cannot wind up debt funds without taking the consent of majority of the investors. The Supreme Court's judgement came on an appeal against the Karnataka High Court order which restrained the winding up of six of Franklin Templeton debt schemes without obtaining consent of investors.  The verdict was pronounced by a bench comprising Justices S Abdul Nazeer and Sanjiv Khanna.