New Delhi, Sept. 18 -- Four out of six debt schemes that Franklin Templeton India wound up in April have turned cash-positive, prompting unitholders aggrieved by the closure to demand the return of up to '2 lakh per investor.
The schemes were wound up on 23 April amid severe redemption pressure, prompting some investors to move court.
Since then, the six schemes have received over '6,486 crore. These investors on Friday, 11 September filed an intervening application before the Karnataka high court to direct the asset management company (AMC) to return money to those who invested in the schemes which turned cash-positive.
"Direct the AMC to refund dues at least up to '2 lakh per unitholder in four of the six schemes that have turned cash-...