SC stays FT's e-voting for winding up schemes, transfers cases to Kerala HC

Franklin Templeton had filed a petition in the Supreme Court challenging the stay granted by Gujarat High Court on the e-voting process

The Supreme Court on Friday ruled that all cases related to Franklin Templeton India shutting down six of its debt schemes being heard in various high courts -- Gujarat, Madras and Delhi -- will be transferred to the Karnataka High Court within two weeks.

Dismissing a Special Leave Petition (SLP) by Franklin Templeton Mutual Fund against a Gujarat High Court stay order on e-voting to abruptly close six debt schemes, the apex court refused to interfere in Franklin Templeton's debt schemes wind-up case as the matter was still being heard in different high courts.

It then transferred all the pleas