Franklin Templeton debt schemes mutual funds: What Supreme Court said - latest development
Supreme Court on Wednesday said consent of majority shareholders was required when trustees seek winding up of the debt schemes. However, the top court emphasised that the consent would be obtained post publication of notices
SC's judgment came on a plea by Franklin Templeton challenging Karnataka High Court order which restrained winding up of its 6 debt schemes without obtaining the consent of its investors by a simple majority. Source:.