Search Results for Tag : Trustees

International Cases

A trustee has a fiduciary duty to act with due care and diligence in administering property on behalf of another(06.01.2021)

The appeal has its genesis in an urgent application in the High Court, launched by the Appellant. The main relief sought was the removal of Mr. Fronem.....

Tags : Misconduct, Trustees, Removal

Natural as well as juristic persons may hold member’s interests as a trustee, but only in certain circumstances(07.12.2022)

Present appeal is related to the application and interpretation of Sections 29(1) and 29(1A) of the Close Corporation Act, 1984 in the event where a f.....

Tags : Trustees, Juristic persons, Interest

News

NCLAT: Creditors Not Party to Trusteeship Deed are Not Barred from Enforcing Personal Guarantee(31.01.2025)

NCLAT New Delhi bench has held that even if creditors are not party to the trusteeship deed signed between a trust and the personal guarantors on thei.....

Tags : NCLAT New Delhi, Trusteeship Deed, Personal Guarantors

Judgments

Sri Aurobindo Ashram trustees granted reprieve(05.01.2016)

The Supreme Court des[s]erted the Respondents in their quest to chastise Sri Aurobindo Ashram and its administrators for not condemning a book purport.....

Tags : Aurobindo ashram, trustees, maladministration, biography

Allahabad HC Directs UP Advocates' Welfare Fund Trustees Committee to Take Loan(20.05.2020)

Allahabad High Court has directed the Trustees Committee, constituted under the Uttar Pradesh Advocates Welfare Fund Act, 1974, to take a loan in case.....

Tags : Allahabad High Court, UP Advocates' Welfare Fund Trustees Committee

Supreme Court Reserves Verdict on Plea Seeking Bail Cancellation to Ryan Group Trustees(07.12.2017)

Supreme Court has reserved its verdict on a plea of the father of 7-year old boy, who was found dead in a Gurugram school, seeking cancellation of the.....

Tags : Supreme Court, Ryan Group Trustees

SC: Interim Orders Restraining IDBI Trusteeship from Selling Future Retails Shares to Continue(20.04.2020)

Supreme Court has directed that the ad-interim protection granted to Future Retail by Bombay High Court, wherein it restrained IDBI Trusteeship and UB.....

Tags : Supreme Court, IDBI Trusteeship