Supreme Court of India · 2021-07-14
FRANKLIN TEMPLETON TRUSTEE SERVICES PVT. LTD. vs AMRUTA GARG AND ORS. ETC. ETC.
- Citation / case number
- SC 2020/25496
- Court
- Supreme Court of India
- Petitioner
- FRANKLIN TEMPLETON TRUSTEE SERVICES PVT. LTD.
- Respondent
- AMRUTA GARG AND ORS. ETC. ETC.
- Author
- HON'BLE MR. JUSTICE SANJIV KHANNA
- Bench
- HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE SANJIV KHANNA
Judgment text excerpt
The Supreme Court granted leave to appeal against the Karnataka High Court's judgment concerning the winding up of six schemes of the Franklin Templeton Mutual Fund. The court examined the interpretation of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, and the procedures followed for the winding up of the funds. The outcome of the appeal will determine the legality and appropriateness of the winding up process as per the regulations.