Supreme Court of India
Hukumchand Gulabchand Jain v. Fulchand Lakhmichand Jain and Others
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that G it has not been proved that these funds had been used in business and that therefore the appellant is not liable to pay compound in terest on the balance of the trust funds with his father or himself.
Judgment, page 6
From the headnote
Public Trusts-Trustee-Liability to pay interest on trust fundsRule of damdupat-Applicability. · The respondents who were interested in a public temple filed a suit against the appellant who was looking after the affairs of the temple. They prayed for his removal from possession of the trust pro perties, for the rendering by him of true and faithful accounts and for the framing of a scheme. The trial court held that the appellant was liable to render accounts. Having ascertained the amount of prin cipal, it determined the interest payable at an amount equal to that of the principal on the
Where later benches applied it
Of those, 1 mentioned
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