Franklin Templeton debt schemes petitions: Karnataka HC to fix schedule for hearing cases on August 7

The Karnataka High Court today issued notice in a batch of petitions from the Madras High Court related to the winding up of six Franklin Templeton Mutual Fund debt schemes.

Formal notice has been issued to the Central government, the Securities Exchange Board of India (SEBI) and the Franklin Templeton group of companies.

Earlier, while issuing notice in petitions related to the Franklin Templeton matter from the High Courts of Delhi and Gujarat, the Bench had noted that the matters filed before the Madras High Court had not yet been transferred to the Karnataka High Court in line with the Apex Court's direction.