Search Results for Tag : trustee
News
Kerala HC: Active Politicians Can't be Temple Trustees(22.02.2023)
Kerala High Court has held that a person actively involved in politics, whether or not holding an official post, is not eligible to be appointed as a .....
Tags : Kerala High Court, Temple Trustee, Politics
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
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
SC: For Selection of Non-Hereditary Trustee in Temples, Caste of Person Can’t be a Bar(17.12.2024)
SC while hearing a plea on appointments of non-hereditary trustees in Devaswoms/Temples, has observed that in the event of any selection of non-heredi.....
Tags : Supreme Court, Non-Hereditary Trustee, Caste
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
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
Statute
Indian Trusts (Amendment) Bill, 2015(13.08.2015)
The Bill, introduced in the Lok Sabha, makes amendments to the Indian Trusts Act, 1882. The Bill suggests changes to update the Act, 1882 by removing .....
Tags : trusts, autonomy, trustee, bill
International Cases
Mere conflict amongst trustees themselves is not a sufficient reason for the removal of a trustee at the suit of another(23.10.2020)
Present appeal concerns the removal of the Appellant, Mr Warren Fletcher, as a trustee of the McNair Family Trust (the Trust) at the instance of the R.....
Tags : Trustee, Removal, Validity
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
The Trustee has an express power to vary the trusts created(24.06.2022)
By an originating motion filed on 17 May 2022, the Trustee seeks a direction from the court pursuant to Section 92 of the Trustees Act, 1962 (WA), tha.....
Tags : Power, Trustee, Creation
Notifications & Circulars
Clarification for submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee(03.01.2022)
1. SEBI vide Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated November 16, 2021 and Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/659 dated November 18, .....
Tags : Clarification, NOC, Debenture trustee
PFRDA notifies amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations(22.02.2024)
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordk.....
Tags : Amendments, Trustee Bank, Regulations
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
When a corporate trustee enters into external administration, the company's right of indemnity and accompanying equitable lien over the assets of the trust survives the appointment(18.01.2023)
The Plaintiffs, Kimberley Stuart Wallman and Gregory Paul Quin (collectively, the Liquidators) are the liquidators of Goldeagle Nominees Pty Ltd (Gold.....
Tags : Corporate trustee, Right of indemnity,
Judgments
DRT has no jurisdiction to hear un-appointed debenture trustee(07.03.2016)
In a claim for recovery made by a debenture trustee of debentures of a company on behalf of or for the benefit of the debenture holders, the Debt Reco.....
Tags : Debenture trustee, tribunal, debt recovery
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