[Franklin Templeton Case] SEBI Was A Silent Spectator; Prompt Action Was Needed : Karnataka High Court

In its judgment restraining Franklin Templeton from proceeding on notices issued for winding up of six debt schemes without obtaining the consent from unit investors, the Karnataka High Court has pulled up the Securities and Exchange Board of India (SEBI) for failing to act promptly to sustain the confidence of the investors. A division bench comprising Chief Justice Abhay S Oka and...