SC asks Franklin investors to approach SEBI before approaching it
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he Supreme Court has dismissed a plea filed by seven Delhi-based investors, who had challenged the Franklin Templeton Mutual Fund’s move to scrap six debt schemes. The apex court asked these investors to seek the intervention of Securities & Exchange Board of India (Sebi) and other judicial bodies first before approaching it leading to investors withdrawing the case.
On Friday, the division bench of Justice Arun Mishra, Justice Abdul Nazeer and Justice Indira Banerjee, while disposing of the plea filed by seven investors including Sanyam Jain, Sarika Mittal, Aakansha Maheshwari and Priya Meghnani, observed that the investors have other forums available to them at this point in time.
Investors had alleged that Franklin decided to unwind the six debt schemes without seeking unitholders’ approval. #casansaar (Source - Economic Times)
On Friday, the division bench of Justice Arun Mishra, Justice Abdul Nazeer and Justice Indira Banerjee, while disposing of the plea filed by seven investors including Sanyam Jain, Sarika Mittal, Aakansha Maheshwari and Priya Meghnani, observed that the investors have other forums available to them at this point in time.
Investors had alleged that Franklin decided to unwind the six debt schemes without seeking unitholders’ approval. #casansaar (Source - Economic Times)
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