2020 (12) TMI 1209 - SC - SEBI

Winding up proceedings of Mutual fund scheme - objections to the e-voting results - HELD THAT - The Registry shall also list all connected/cross special leave petitions filed by the Security and Exchange Board of India and other respondents. In the meanwhile, without prejudice to the rights and contentions of all parties, the trustees are permitted to call meeting of unit holders to seek their consent/approval. Steps in this regard be taken within a period of one week from today. For the time being, there will be stay of redemption payment to the unit holders.

Summary

The Supreme Court ordered the Registry to list all connected special leave petitions. Trustees are allowed to call a meeting of unit holders for consent within a week. Stay on redemption payment to unit holders for now.