beneficiary or beneficiaries who are the
equitable owner (s) of the trust property. In the present case, since ADIA is
the settlor and the sole ... provision under the Indian Trust Act
also which debars the settlor from being beneficiary. In the case of Bhavna
Nalinkant Nanavati (supra), the settlor
that adoption been invalid. Each one of these three beneficiaries, the settlor and respondents Nos.5 and 6, had interests in the litigation identical ... agent of his co-beneficiaries never questioned or withdrawn. These two co-beneficiaries of the settlor make in their written statements, the case that they
executed by the Settlor and
Trustees indicates that the said Trust was created by the Settlor for the benefit of
six beneficiaries who were minor ... arbitration
between the beneficiaries and Trustees and also beneficiaries inter-se, has to be
construed as if the beneficiaries were also party to the arbitration
being looked properly and not in
the interest of the beneficiaries, the settlor or relative of a settlor cannot
even file any application under section ... Barfiwala i.e. (son of the
daughter of the said settlor). The said settlor had executed a Will dated
24th January, 2017 in the name
trust property
was vested in the trustees by the settlor for the intended
beneficiaries and which included the grandsons and great
grandsons of the settlor ... could choose any of the beneficiaries by excluding
the son of Harnamsingh. We do not find that the settlor, the said
Parvatibai had vested
derive their authority to carry on business, not from the beneficiaries, but from the settlor under the terms of the deed of trust. They ... deed of trust. The authority is conferred on them by the settlor. The beneficiaries are mere recipients of the income earned by the trust. They
business. The trustees derive their authority from the settlor and not from the beneficiaries. That, all kinds of income of et trust have ... They do not derive their authority from the beneficiaries. They derive their authority from the settlor under the deed of trust. The beneficiaries are merely
place in the statement of the case that the settlor was himself the sole beneficiary under the said deed of trust, but that ... under the said deed of trust, the settlor was only the sole beneficiary during his lifetime and there were other objects of the trust entitled
first of these two questions arose between the settlor's executors and beneficiaries under the trust deed. It was whether an apportionment ... accruing" during the first 13 months after the settlor's death among four beneficiaries named in equal shares. The direction in the deed
served their authority to carry on business, not from the beneficiaries, but from the settlor under the terms of the deed of trust. They ... deed of trust. The authority is conferred on them by the settlor. The beneficiaries are mere recipients of the income earned by the trust. They
