"Public should not be cheated," Supreme Court says as Franklin Templeton undertakes not to launch any new debt schemes till SAT appeal is decided

SEBI had asked Franklin Templeton to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to its six debt schemes which shut down last year.
Franklin Templeton, Supreme Court
Franklin Templeton, Supreme Court

The Supreme Court on Monday refused to interfere with the order of the Securities Appellate Tribunal (SAT) which had stayed the order of the whole time member of Securities Exchange Board of India (SEBI) barring Franklin Templeton Asset Management (India) from launching any new debt schemes for two years.

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