Supreme Court dismisses unitholders' objections to winding up of Franklin Templeton mutual funds schemes

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In a previous hearing, the Court had asked the Securities and Exchange Board of India (SEBI) to appoint an observer to oversee the e-voting process in relation to the Franklin Templeton debt schemes that were wound up this year.

This, after the apex court 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.