Posts tagged with "supreme-court"


  • Nov 29, 2021

    Fate Of Cryptocurrencies In India

    Everyone must have heard the news by now. The Indian government will bring in the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the Winter Session of Parliament starting November 29. What is the big deal? It seems that the Bill will ban most of the private cryptocurrencies except a few. A lot of details about the Bill are not known. Yet people like to speculate. It is absurdly silly to talk about something when there is nothing to go by, but why should I be left behind? Let me throw in my proverbial 2 cents as well.

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  • Feb 3, 2021

    Franklin To Disburse Our Investment?

    You probably remember the Franklin fiasco that happened some 9 months ago. All those who invested in the six wound up funds have their investments stuck for the past 9 months. While the funds were wound up they were still receiving interest income from the papers that it holds. Some papers matured while some others pre-paid the bonds. So overall Franklin has Rs. 14,391 Cr in income so far according to it's latest report on Jan 29, 2021. Of this amount 4,621 Cr was used up to pay back its borrowings. The left over Rs. 9,770 Cr is available for disbursement. However it was unable to return the monies because of a court case in Supreme Court.

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  • Oct 27, 2020

    Franklin Saga Drags On

    Franklin has been in the news quite a bit due to the decision to wind-up six of its funds. After deciding to wind-up the funds the fund house was planning to get unit holder's consent for disbursing cash from liquidated papers. However, some investors did not like the decision and started legal proceedings against the fund house. Unit holders filed cases in multiple High Courts. Now we all know how long courts take to pass judgement on just one case. Given there were multiple cases I was not very positive that something will happen any time soon.

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