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SEBI observer flags discrepancies in voting on Franklin Templeton debt funds closure January 20, 2021 × There were significant variations in e-voting process followed by FTMF vis-à-vis that prescribed under the Companies Act TS Krishnamurthy, the SEBI-appointed observer to monitor the e-voting conducted by Franklin Templeton Mutual Fund (FTMF) with regard to the closure of six debt schemes, has highlighted a number of ‘discrepancies’ in his report submitted to the Supreme Court. FTMF had recently declared that 96 per cent its unit-holders had voted for the voluntary closure of the schem...

Supreme Court to decide on distribution of money to Templeton unitholders after hearing objections to e-voting SECTIONS Supreme Court to decide on distribution of money to Templeton unitholders after hearing objections to e-votingPTI Last Updated: Jan 18, 2021, 07:58 PM IST Share Synopsis The apex court is hearing an appeal filed by Franklin Templeton against the High Court's order which stopped the fund house from winding up its debt fund schemes without prior consent of the investors. NEW DELHI: The Supreme Court Monday said it would decide on distribution of money to Franklin Templeton un...

Dewan Housing Finance Corporation announced that the e-voting on resolutions pursuant to the Eighteenth (18th) meeting of the Committee of Creditors of the Company (CoC) concluded on 15 January 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance (under Option I in terms of the RFRP dated 16 September 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code read with Reg. 39(3) of CIRP Regulations, as the successful resolution plan. Powered by Capital Market - Live News (This story has not been edited by Bus...

Dewan Housing Finance Corporation (DHFL) hit an upper circuit of 5% at Rs 27.50 after the Committee of Creditors (CoC) of the company approved the resolution plan submitted by Piramal Capital and Housing Finance. In a regulatory filing made on Sunday (17 January 2021), the mortgage lender said that the e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the company (CoC) concluded on 15 January 2021 and the resolution plan submitted by Piramal Capital and Housing Finance was duly approved by CoC by majority voting, as the successful resolution plan. As per r...

Synopsis According to the observer’s (TS Krishnamurthy) report over 90% of the unit holders in these six schemes have voted for winding up. Franklin Templeton Mutual Fund has got a YES nod from the unit holders to wind up the six shut schemes. The observer’s (TS Krishnamurthy) report suggests that over 90% of the unit holders in these six schemes have voted for winding up, sources suggest. The e-voting process took place from December 26-28, 2020. SEBI had appointed Taruvai Subayya Krishnamurthy, the former chief election commissioner of India as the observer for e-voting. “We are than...