 "RBI flags MFs' borrowing play; bank lines are in excess of Rs 1 trillion")
Gujarat High Court (HC) on Monday rejected Franklin Templeton Mutual Fund’s (FT MF) appeal to vacate the stay on the e-voting process and said that the stay would be in force till the findings of forensic audit report comes in the public domain.
The e-voting was scheduled to be held on Tuesday (i.e. June 9). FT MF also confirmed that the e-voting will be suspended for now.
“Pursuant to the order dated 8th June 2020 issued by the honourable High Court of Gujarat, the e-voting scheduled for June 9-11, 2020 and unitholders’ meeting on June 12, 2020, related to the
