Indian
Trusts Act only gives right to a beneficiaries of a trust to institute a
suit for execution of the trust and the trust shall ... Debenture Trust Deed and Deed of Irrevocable and
Unconditional Guarantee?
(ii) Whether the Debenture Holders can claim the repayment on
account of Event of Default
holding 30.19%.
22. It is submitted that the SMAIT is an Irrevocable Determinate Trust
under the Indian Trust Act 1882 established under the Provisions ... Trust Deed which is most vital to the facts and issues. The Trust
Deed is a registered Trust under the Indian Trust
holding 30.19%.
22. It is submitted that the SMAIT is an Irrevocable Determinate Trust
under the Indian Trust Act 1882 established under the Provisions ... Trust Deed which is most vital to the facts and issues. The Trust
Deed is a registered Trust under the Indian Trust
settled the shares
crediting 'Prisma Trust' as an irrevocable and discretionary trust whose
beneficiaries are 'General Charities' and 'Solis Enterprise
Promoters, Debenture Holders agreed to
subscribe to the Debentures and a Debenture Trust Deed dated
01/07/2016 was executed amongst the Principal Borrower ... Debenture Trust Deed,
payment of interest and all other accounts on the respective due dates was
secured by an irrevocable Corporate Guarantee
Promoters, Debenture Holders agreed to
subscribe to the Debentures and a Debenture Trust Deed dated
01/07/2016 was executed amongst the Principal Borrower ... Debenture Trust Deed,
payment of interest and all other accounts on the respective due dates was
secured by an irrevocable Corporate Guarantee
longer a trustee or a
beneficiary of the N.S. Trust ('the said trust'). It is stated that
by a letter dated ... Rights as
a beneficiary under the N.S. Trust. The said declaration was
irrevocable and permanent.
5.4 It is further averred that by a letter
good faith and trust
agreed to resolve the said disputes amicably. In accordance with
same, the Respondent got issued irrevocable LOC numbered as
0910317LC000097
Cyquator jointly irrevocable and unconditional guaranteed obligation
of Essel with respect to debentures as well as to make payments
under Debenture Trust Deed.
Company Appeal ... shall not be counted twice).
6. The Guarantors hereby, Jointly and severally,
Irrevocably and unconditionally undertake to act only upon
a Notice of Demand
Creation of trust in contract with an actual transfer of
actionable claim
k) The creation of a trust is in stark contrast with the transfer ... clause 10 of the MOA specifically
requires DHFL to give NHB an irrevocable power of attorney to
"create a mortgage or charge
