Supreme Court · 2009 INSC 1205 · Decided 28 October 2009
H.R. Basavaraj (Dead) BY His L. R. S & ANR. v. Canara Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2009 INSC 1205 · [2009] 15 S.C.R. 504
- Case number
- CIVIL APPEAL No. 233/2003
- Decided
- 28 October 2009
- Bench
- TARUN CHATTERJEE, AFTAB ALAM (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 129
Headnote
Bombay Public Trust Act, 1950: y c Public Trust - LST, a public trust engaged in publication work - LST running in loss and unable to properly manage its affairs - Publication, printing rights and machineries transferred to private limited companies - By order of court, in the administrator appointed by the · D Government - Loan granted for proper functioning of trust and hypothecation of properties of trust itself - Liability to repay ,. the loan - Held: Trust would be liable to repay the loan - All -.. the transactions were entered into for running the
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