revealed that the accused held foreign assets in the form of foreign
bank accounts, immovable properties, and interests in foreign entities.
He had incorporated entities ... prepared fabricated/back-dated
documents to show him holding his foreign assets as a trustee of the
Alrahma Trust effective from February 2006 and having
purposes of the trust.
(31) Now what have the trustees done in this case ? The trustees have tried to engraft on a private trust ... call it, of new and foreign objects is a breach of trust. A trustee must 'administer the trust in accordance with its terms; otherwise
whose managing trustee
was defendant no.2. It is stated that defendant no.1 started getting
funds from foreign donors and the plaintiff insisted that
Parmeshwar Prasad (Since Deceased) , ... vs State & Ors. on 3 July, 2012
Author: V.K
done. I doubt if the income from Rs. 50,000.00 invested in trustee securities would be enough even to pay the salaries of. the employees ... reconstructed is not capable of fulfillment by the trustees.That city is now part of a foreign state. It is exceedingly unlikely that the trustees
That the Impugned Proceedings were predicated on the premise that
certain identified foreign income had escaped assessment. The
aforesaid culminated in the issuance ... Trust Deed; and
statement of Mr. Ramamurthi Sreedhara, Managing Trustee that
certain identified foreign contributions received by the Petitioner were
utilized for a purpose divergent
effected by
the Trustees at such price or prices or for such consideration
and on such terms as the trustees may in their absolute ... discretion think fit and either in India or in any foreign country
without the trustees being liable or accountable to any person
securing 7% share-holding of
the plaintiffs in trust held by the trustee, the defendant No.6 herein, pending
final decision before the District Court ... common set of promoters who, after
the Indian Government had allowed 100% foreign direct investment in the
Telecom Infrastructure Sector, had set up the tower
suit
on that foreign decree, or on the original, underlying cause of
action, or both. He cannot simply execute such a foreign decree ... between foreign companies. We are of the
opinion that if we do so, we would be sending a wrong signal
and dissuading foreign commercial entities
plaintiff is also disentitled to equitable relief,
because the first five trustee defendants were deliberately omitted and not impleaded
in any testamentary proceeding, pending ... deleted the restrictions placed on the
CS (OS) 892/2007 Page 6
trustees, from dealing with trust properties, since it was necessary to take steps
