Franklin Templeton debt schemes: Supreme Court to hear challenge to Karnataka High Court verdict, orders stay on redemptions

In the meanwhile, without prejudice to rights of all parties, trustees are permitted to call meeting of unitholders to seek their consent for approval, the Court directed.
Franklin Templeton, Supreme Court
Franklin Templeton, Supreme Court

The Supreme Court today agreed to hear a challenge to the Karnataka High Court verdict by which it was ordered that no interference can be made in the decision to wind up the six debt schemes of Franklin Templeton.

In the meanwhile, the Court has ordered a stay on redemptions by investors.

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