Whether the trust
deed contains clause that the trust is irrevocable?",
the trusts are forced to click on "Yes". Because ... until the clause of dissolution of the Trust is
incorporated in the Trust Deed, the Trust cannot be
registered.
5 The statute takes care
Petitioner from the said Trust since its promulgation. The
Trust has in itself a property being Trust Property which
would fetch an amount of crores ... dissolution of the trust and distribution of the trust property. The
original petition sought no such relief of dissolution and
distribution. It sought only
Dissolution Clause"
in the Trust Deed, the net assets of the Trust on
its dissolution would be transferred to any
entity/distributed among ... until the
clause of dissolution of the Trust is incorporated in
the Trust Deed, the Trust cannot be registered.
5 The statute takes care
Dissolution Clause" in the trust deed, the net assets of the trust on
its dissolution would be transferred to any entity / distributed among ... appeal by interalia holding that the
absence of dissolution clause in the trust deed would not bar
the registration of the Trust under Section 12AA
trust, by virtue of
the partition decree in the earlier suit, the trust came to be dissolved
since some of the properties of the trust ... same were mutually partitioned
between the parties which results in dissolution of the trust. Reliance is
placed on Section 77(c) of the Indian Trusts
until the clause of dissolution of
the Trust is incorporated in the Trust Deed, the Trust cannot be
registered.
5. The statute takes care ... remain on the
date of the dissolution transferred. The absence of the clause of
dissolution in the Trust Deed would be in no manner
INHERENT AND GENERAL JURISDICTION
TRUST PETITION (L) NO. 26498 OF 2022
In the matter of the Trust created under Indian
Trust ... Mamubai Trust' also known as 'Bai Mamubai Bhimji Bhanji Trust'
("the said Trust") inter alia praying for dissolution
trust. The Appellate Court has proceeded
on the premise that there is nothing in the cross examination about
trust property or dissolution of the trust ... Trust
Deed and in particular the said Indenture by which the suit property
had been purchased by the Trust and only after dissolution
Trust Fund.
12.3 Upon termination, the proceeds from the dissolution of the Trust will
be distributed to the Sole Beneficiary after payment of all accrued ... Trust will
be in the nature of revocable transfer;
(c) The trust fund will be held by trustee, i.e., ETL in trust
Marten Borchert And Anr vs Arzan Khambatta And Anr on 18 April, 2011
Author: Roshan
