Karnataka High Court defers judgement on Franklin Templeton case

The asset manager said last week that its six shut schemes had received Rs 8,262 crore from maturities, pre-payments and coupon payments after closing down in April

The Karnataka High Court deferred its judgement in the Franklin Templeton Asset Management (India) case on Monday, with the court passing an order to take on record duly notarised copies of affidavits filed by the asset manager (e-filed originally) as per the standard operating procedure of the court, said a person familiar with the matter.

The case against the asset manager was filed by some unitholders of the six debt schemes that were shut in April. According to reports, the court may have examined whether Franklin followed the right processes to shut down the scheme. The findings of Securities and