The Supreme Court docket on Friday upheld the validity of e-voting course of for winding up of six mutual fund schemes of Franklin Templeton, and stated disbursal of funds to unit holders will proceed.

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A bench of justices S.A.Nazeer and Sanjiv Khanna, whereas rejecting the opposition by some unit holders to the e-voting course of, stated disbursal of funds needs to be finished as per the sooner order of the apex court docket.

The highest court docket had on February 2 ordered that ₹9,122 crore be disbursed inside three weeks to the unit holders of Franklin Templeton’s six mutual fund schemes that are proposed to be wound up.

It had stated that disbursal of cash can be finished in proportion to unit holders’ curiosity within the property.

Earlier, the apex court docket had requested the Securities and Change Board of India (SEBI) to nominate an observer for overseeing the e-voting course of.

The voting with regard to winding up Franklin Templeton’s six mutual fund schemes had taken place within the final week of December and it has been accredited by a majority of unit holders.