Requesting Discovery Form Withdrawal In Franklin
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Allow up to 10 calendar days for receipt of a check or 2-3 business days for receipt of an electronic funds transfer.
Investors were left shaken when Franklin Templeton took the unprecedented decision to wind up six of its debt funds on 23 April 2020. A crippling market dislocation, fed by the onset of the Covid pandemic, had out liquidity from the funds' underlying holdings.
Facing a wave of redemptions from anxious investors, the fund house was staring at the unpleasant scenario of undertaking a fire sale of its securities. The only way out to preserve value for investors was to down the shutters.
The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
SBI Funds Management has completed the sale of assets in the six suspended debt scheme of Franklin Templeton Mutual Fund as directed by the Supreme Court and distributed ₹27,508 crore to the unit holders.
A pleading shall state as a counterclaim any claim which at the time of serving the pleading the pleader has against any opposing party, if it arises out of the transaction or occurrence that is the subject matter of the opposing party's claim and does not require for its adjudication the presence of third parties of ...
13.01 By agreement of counsel any party may be permitted two leaves to move or plead provided the total extension of time does not exceed 28 days. That consent shall be evidenced by a "Consent to Plead" signed by all counsel and filed with the Clerk.
Counsel and unrepresented parties shall make every effort to resolve discovery disputes by agreement prior to filing motions with the Court.
