Syndicate Rural Development Trust ('the SRD Trust' for short),
which was the trust of Syndicate Bank prior to amalgamation.
In the light ... Trust was formed on
05.09.2000, and for 20 years, the said Trust remained a public
charitable trust. The scheme of amalgamation resulted
insofar as the amalgamation of the
Trust is concerned. Hence, the very Trust
document providing for the applicability of the
KSR Act upon the repeal ... done
by the Trust and the same is improper.
8.2. By referring to Chapter 3 of the original
Constitution of the Trust constituted under
both the parties. The contention of
Basaveshwara Deva Trust Committee that the Trust was
amalgamated with Viraktamath and respondent No.3 is
only custodian ... said suit, the claim made by the Trust
that there is an amalgamation was also negatived
sent a
recommendation for amalgamation of bank with
Oriental Bank of Commerce. Accordingly, the Scheme
of Amalgamation was sanctioned on 26.7.2004, just 2
days prior ... maintainable, in view of the Moratorium and
Amalgamation Scheme. Since Global Trust Bank has
been amalgamated with the Oriental Bank of
Commerce, relying upon
Order dated 10.11.2017, it was
not possible to understand how the said amalgamation could
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possibly be challenged on the ground of bona vacantia. Though ... amalgamating companies were the properties
of the Central Government, because of bona vacantia and that the
said amalgamation therefore, constituted criminal breach of trust
character of the society to a trust. The only provision is Section 21 which provides for amalgamation of societies. As there is no provision ... document is styled as a deed of trust, and the author of the trust is Dr. H. Narasimhaiah, President, National Education Society of Karnataka (Regd
valuable assets of the Transferor Companies camouflaged as
amalgamation. But for this amalgamation, in the event of
winding up of the Transferor Companies, its assets ... accusations spring from the breach of trust
committed by accused Nos.1 and 3 in amalgamating the
Transferor Companies with accused No.4 and thereby
trust property or of the interest
therein shall be allocated to any
particular object of the trust;
(h) a direction to apply the trust property ... scheme
already settled;
(k) an order for amalgamation of two or
more trusts by framing a common
scheme for the same;
(l) an order
character of the society to a trust. The only provision is section 21 which provides for amalgamation of societies. As there is no provision ... document is styled as a deed of trust, and the author of the trust is Dr. H Narasimhaiah, president, National Education society of Karnataka (Regd
that
the only purpose of execution of Deed of Amalgamation is to
obtain joint amalgamated khatha in respect of the Schedule
Items described therein ... Firm in question. There was a Deed of Amalgamation
dated 01.01.2015. The individual partners amalgamated their
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Crl.P.No.10557/2013
