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SC stays FT's e-voting for winding up schemes, transfers cases to Kerala HC

Franklin Templeton had filed a petition in the Supreme Court challenging the stay granted by Gujarat High Court on the e-voting process

Franklin Templeton MF
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It then transferred all the pleas in this case to a divisional bench of the Karnataka High Court for a fresh hearing.

IANS New Delhi
The Supreme Court on Friday ruled that all cases related to Franklin Templeton India shutting down six of its debt schemes being heard in various high courts -- Gujarat, Madras and Delhi -- will be transferred to the Karnataka High Court within two weeks.

Dismissing a Special Leave Petition (SLP) by Franklin Templeton Mutual Fund against a Gujarat High Court stay order on e-voting to abruptly close six debt schemes, the apex court refused to interfere in Franklin Templeton's debt schemes wind-up case as the matter was still being heard in different high courts.

It then transferred all the pleas

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First Published: Jun 19 2020 | 8:31 PM IST

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