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Showing contexts for: surviving trustee in Pilani Investment And Industries ... vs Union Of India (Uoi) And Ors. on 2 February, 1988Matching Fragments
3. The petitioner in M.P. No. 95 of 1981 Bombay Hospital Trust is a Charitable Trust created by a decree in Civil Suit No. 2656 of 1948 dated 6-9-1949 by the High Court of Bombay and this trust is running the hospital in the name and style of Bombay Hospital and Medical Research Centre at Bombay. Petitioners 2 to 8 are legal representatives of late Dr. J. Section Mishra who was the sole surviving trustee of debenture trust created under Debenture Trust Deed. 20,000 Debentures of 7.3/4% of the face value of Rs. 100/- were issued by the respondent 2 M/s. Hind Cycles Ltd.. redeemable at par on or before 22-2-1985. Under Clauses 9 to 12 and 17 of the said Debenture Trust Deed, security was created in favour of thedebenture trustees for securing the debenture debt as mentioned in the said Deed, the security consisting of land, factory, other buildings, structures etc. of the respondent 2. Faced with the difficulty of realising its dues, the petitioners filed this writ petition.