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    The Supreme Court of India disposed of the special leave petition and transfer petitions related to several cases pending in various High Courts regarding Franklin Templeton Mutual Fund. The Court directed that all matters be transferred to the High Court of Karnataka to be heard by a Division Bench within 3 months. It also requested the Chief Justice of the High Court of Karnataka to constitute the Division Bench to hear all transferred matters together and pass final orders.

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    The Supreme Court of India disposed of the special leave petition and transfer petitions related to several cases pending in various High Courts regarding Franklin Templeton Mutual Fund. The Court directed that all matters be transferred to the High Court of Karnataka to be heard by a Division Bench within 3 months. It also requested the Chief Justice of the High Court of Karnataka to constitute the Division Bench to hear all transferred matters together and pass final orders.

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    70 views6 pages

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    Uploaded by

    Prakhar Singh
    The Supreme Court of India disposed of the special leave petition and transfer petitions related to several cases pending in various High Courts regarding Franklin Templeton Mutual Fund. The Court directed that all matters be transferred to the High Court of Karnataka to be heard by a Division Bench within 3 months. It also requested the Chief Justice of the High Court of Karnataka to constitute the Division Bench to hear all transferred matters together and pass final orders.

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    of 6

    1

    IN THE SUPREME COURT OF INDIA


    CIVIL APPELLATE/ORIGINAL JURISDICTION

    SPECIAL LEAVE PETITION (C) NO. 7553 OF 2020

    FRANKLIN TEMPLETON TRUSTEE SERVICES


    PVT. LTD. & ANR. Petitioner(s)

    VERSUS

    AREEZ PHIROZSHA KHAMBATTA & ORS. Respondent(s)

    WITH

    TRANSFER PETITION (C) NO. 663-664 OF 2020

    O R D E R

    After hearing the learned senior counsel

    appearing for the parties at length, we are not

    inclined to entertain the interim order dated

    08.06.2020 passed by the High Court of Gujarat at

    Ahmedabad in Civil Application No. 1 of 2020 in

    Special Civil Application No. 7201 of 2020.

    It is pointed out that several writ petitions

    are pending in the High Court of Gujarat, The

    High Court of Delhi as well as the High Court of

    Judicature at Madras. It is agreed that let the

    matters be transferred to the High Court of

    Karnataka, to be heard by a Division Bench.


    Signature Not Verified

    Thus, we request the Hon’ble Chief Justice of the


    Digitally signed by
    MUKESH KUMAR
    Date: 2020.06.22
    16:47:27 IST
    Reason:

    High Court of Karnataka to take up matters

    himself in a Division Bench. Let the pending


    2

    matters be transmitted to the High Court of

    Karnataka, including the appeal filed by SEBI

    before the High Court of Gujarat against the

    interim order.

    Let the matters be transmitted to the High

    Court of Karnataka within 15 days by the

    concerned High Courts. Let the High Court of

    Karnataka hear and finally decide the matter,

    including the SEBI appeal, within three months.

    As per the list provided by the learned

    counsel, the following matters are to be

    transmitted to the High Court of Karnataka :-

     M/s Chennai Financial Markets and


    Accountability v. SEBI and Others, W.P. 7744/2020
    filed before the Madras High Court.

     Areez Phirozsha Khambatta and Ors. v. SEBI


    and Ors., Civil Application No. 7201 of 2020
    filed before the Gujarat High Court.

     Amruta Garg (Formerly Amruta Narendra Nikam)


    v. UOI and Ors., W.P. (Civil) 3366/2020 filed
    before the Delhi High Court.

     M/s Chennai Financial Markets and


    Accountability v. Additional Director General of
    Police, CRL OP No. 8660/2020 filed before the
    Madras High Court.

     SEBI v.Franklin Templeton Trustee Services


    Pvt. Ltd. bearing LPA No. 311/2020 in SCA No.
    7201/2020 filed before the Gujarat High Court.
    3

     LPA No. 311/2020 - Securities and Exchange


    and Board of India Versus Franklin Templeton
    Trustee Services Pvt. Ltd. & Others.

    In view of the above, the Special Leave

    Petition and the Transfer Petitions are disposed

    of.

    .......................J.
    [ ARUN MISHRA ]

    .......................J.
    [ S. ABDUL NAZEER ]

    New Delhi;
    JUNE 19, 2020.
    4

    ITEM NO.3 + 11 Virtual Court 1 SECTION III

    S U P R E M E C O U R T O F I N D I A
    RECORD OF PROCEEDINGS

    Petition(s) for Special Leave to Appeal (C) No(s). 7553/2020

    (Arising out of impugned final judgment and order dated 08-06-2020


    in CA No. 1/2020 passed by the High Court Of Gujarat At Ahmedabad)

    FRANKLIN TEMPLETON TRUSTEE SERVICES PVT. LTD. & ANR.Petitioner(s)

    VERSUS

    AREEZ PHIROZSHA KHAMBATTA & ORS. Respondent(s)

    (FOR ADMISSION and I.R. and IA No.54772/2020-EXEMPTION FROM FILING


    C/C OF THE IMPUGNED JUDGMENT and IA No.55032/2020-PERMISSION TO
    FILE ADDITIONAL DOCUMENTS/FACTS/ANNEXURES)

    with

    T.P. (C) Nos. 663-664 of 2020


    (for admission and ex-parte stay and permission to file additional
    documents/facts/annexures)

    Date : 19-06-2020 These petitions were called on for hearing today.

    CORAM : HON'BLE MR. JUSTICE ARUN MISHRA


    HON'BLE MR. JUSTICE S. ABDUL NAZEER

    Counsel for the


    parties Mr Harish Salve, Senior Advocate
    Mr. Jasmeet Singh, AOR
    Mr. Harsh Pais, Advocate
    Mr. Ayush Mitruka, Advocate
    Mr. Ashish Bhan, Advocate
    Mr. Kunaal Shah, Advocate

    Mr. Mohit Rohatgi, Advocate


    Mr. Anirudh Kapoor, Advocate
    Mr. Rajendra Dangwal, Advocate
    Ms. Chitra Rentala, Advocate
    Ms. Sanjam Arora, Advocate
    Mr. Saif Ali, Advocate
    Mr. Pushpendra S. Bhadoriya, Advocate
    Ms. Rusheet Saluja, Advocate

    Mr. C.A. Sundaram, Senior Advocate


    Mr. Jasmeet Singh, AOR
    Mr. Harsh Pais, Advocate
    Mr. Ayush Mitruka, Advocate
    Mr. Ashish Bhan, Advocate
    5

    Mr. Kunaal Shah, Advocate


    Mr. Mohit Rohatgi, Advocate
    Mr. Anirudh Kapoor, Advocate
    Mr. Rajendra Dangwal, Advocate
    Ms. Chitra Rentala, Advocate
    Ms. Sanjam Arora, Advocate
    Mr. Saif Ali, Advocate,
    Mr. Pushpendra S. Bhadoriya, Advocate
    Ms. Rusheet Saluja, Advocate

    Mr. Ravindra Shrivastava, Sr. Adv


    Mr. Abhinav Shrivastava, Adv
    Mr. Karan Chadha, Adv.

    Mr. Mukul Rohatgi, Sr. Adv.


    Mr. Mihir Thakore, Sr. Adv
    Mr. Paritosh Gupta, Adv
    Mr. Aditya Singla, Adv.
    Ms. Supriya Juneja, AOR
    Ms. Aishwarya Reddy, Adv

    Mr. Pratap Venugopal Advocate


    Ms. Surekha Raman, Advocate
    Ms. Ayushi Gaur, Advocate
    Mr. Akhil Abraham Roy, Advocate
    for M/s K J John & Co.

    Ms. Madhvi Diwan, ASG


    Mr. Mahavir Singh, Sr. Adv.
    Mr. Gopal Jha, Adv.
    Mr. Anmol Chandan, Adv.
    Mr. G.S. Makker, AOR.

    Mr. Shyam Divan Sr. Advocate.


    Mr. Nithyaesh Natraj, Adv.
    Ms. Ranjeeta Rohatgi, Adv,
    Mr. Udayaditya Banerjee, Adv.

    Mr. Ravindra Shrivastava, Sr. Adv


    Mr. Abhinav Shrivastava, Adv.
    Mr. Karan Chadha, Adv.

    Mr. Abhinav Shrivastava, Adv


    Mr. Karan Chadha, Adv.

    Mr. Jasmeet Singh, AOR

    Ms. Supriya Juneja, AOR


    6

    UPON hearing the counsel the Court made the following


    O R D E R

    The Special Leave Petition and the Transfer Petitions are

    disposed of in terms of the signed order.

    Pending interlocutory application(s), if any, is/are disposed

    of.

    (JAYANT KUMAR ARORA) (JAGDISH CHANDER)


    COURT MASTER ASSISTANT REGISTRAR

    (Signed order is placed on the file)

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