Franklin Templeton Trustee Services ... vs Amruta Garg And Ors. Etc. Etc.

The Supreme Court addressed the winding up of six mutual fund schemes operated by Franklin Templeton, interpreting Regulation 18(15)(c) of the SEBI Mutual Funds Regulations, 1996. The court upheld the decision to wind up the funds based on the poll results and the necessity to protect the interests of the investors. The ruling emphasized the importance of regulatory compliance and investor protection in the mutual fund industry.