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16 judgments · newest first · showing 1–16
The Milestone Real Estate Fund, a trust registered as a Venture Capital Fund (VCF) with SEBI, claimed exemption under Section 10(23FB) of the Income‑Tax Act for AY 2014‑15 on income from its seven separate schemes. The Assessing Officer disallowed the exemption, but the Commissioner of Income‑Tax …
The appellant, a descendant and trustee of the Srimati Radhika Sinha Institute and Sachchidanand Sinha Library, challenged the Bihar State Legislature's 2015 Act that compulsorily acquired the Institute and dissolved its trust. The High Court had upheld the Act, but the Supreme Court examined …
The Supreme Court examined a consumer complaint filed by two trusts on behalf of credit‑card users alleging that banks were charging exorbitant interest rates of 36%‑49% p.a., which the National Consumer Disputes Redressal Commission (NCDRC) had deemed an unfair trade practice and capped at 30% p.a. …
The plaintiffs, Dubai nationals and shareholders of a Dubai‑incorporated company (Defendant No.2), filed a derivative suit in the Madras High Court seeking a declaration that Defendant No.2 held the beneficial interest in 6.16% of the shares of an Indian company (Defendant No.1) that were registered …
The Royal Medical Trust, which runs Kerala Medical College, applied for a Letter of Permission (LOP) to admit 150 MBBS students for the 2017‑18 academic year. After a surprise inspection by the Medical Council of India (MCI) revealed several deficiencies, the Central Government barred the college …
The appellants and respondents are beneficiaries of a family trust created by a deed that contains clause 20, which purports to refer any disputes among beneficiaries to arbitration under the Indian Arbitration Act, 1996. The respondents filed an application under Section 11 of the Arbitration and …
The appellants held a usufructuary mortgage over land mortgaged by the respondents in 1958, 1959 and 1961. While the mortgage subsisted, the property was attached under the Revenue Recovery Act for the mortgagor's agricultural income tax arrears and sold at public auction, the highest bid being the …
The Vidyodaya Trust filed a petition under Section 34 of the Indian Trust Act, 1882 challenging the administration of the trust, which was dismissed by the trial court. The respondents then sought leave to file a suit under Section 92 of the Code of Civil Procedure, 1908, which was granted by the …
The respondents filed a suit under Section 34 of the Trust Act seeking management of Vidyodaya Trust, and the District Court allowed the suit by granting leave under Section 92 of the CPC after deciding a preliminary issue on its maintainability. The appellants challenged this order, filing a …
The Supreme Court considered a long‑running partition suit concerning the movable and immovable assets of the Setty family, whose joint family status was severed on 11 July 1940. The plaintiff was entitled to a 2/19th share in the joint family property, but the trial court had allotted only movable …
Shiv Kumar Joshi, a member of the Employees' Provident Fund Scheme, complained before the District Consumer Forum that the Regional Provident Fund Commissioner delayed payment of his provident fund, alleging deficiency in service. The Commissioner appealed, arguing that the scheme was not a …
The appellant, N.S. Nale, sought redemption of a possessory mortgage on an inam land that had been resumed and regranted under the Bombay Pargana and Kulkarni Watans (Abolition) Act, 1950. The mortgagee, Bapu Ganpati Jagtap, failed to pay the statutory occupancy price required for regrant, yet …
The Gosar Family Trust was a private discretionary trust with two classes of beneficiaries: the first class could receive the trust's annual income, while the second class would receive the corpus and any accumulated income upon termination. The trustees had absolute discretion to distribute or …
The petition challenged a Kerala High Court judgment that had set aside earlier findings that the petitioner, P.V. Sankara Kurup, was merely an agent and holder of a power of attorney for the respondent, Leelavathy Nambiar, and had purchased a Thavazhy property in his own name using the respondent’s …
The Supreme Court considered multiple writ petitions filed by industrial consumers, including Ferro Alloys Corp., challenging the terms of electricity supply imposed by various State Electricity Boards. The issues revolved around the validity of Section 49 of the Electricity (Supply) Act, 1948, the …
The case concerned a suit for possession of a house in Bikaner, claimed by Bhim Singh and Himmat Singh (plaintiffs) on the basis of a patta issued in their names, while the defendant Kan Singh asserted ownership as a surviving coparcener and alleged the transaction was benami. The trial court held …
