No interference in decision of Franklin Templeton trustees to wind up 6 debt schemes: Karnataka High Court; judgment stayed for 6 weeks

The Court clarified that the consent of unitholders as per the Mutual Fund regulations is to be obtained before going through the winding-up process.
No interference in decision of Franklin Templeton trustees to wind up 6 debt schemes: Karnataka High Court; judgment stayed for 6 weeks
Franklin Templeton - Karnataka HC

The Karnataka High Court today held that no interference can be made in the decision of the trustees to wind up the six debt schemes of Franklin Templeton.

However, the Court clarified that the consent of unit holders as per the regulations is to be obtained before going through the winding-up process.

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