Legal Question in Civil Litigation in India

A trust was formed. The trust decided to set up a college. Accordingly land was procured. Trustees contributed towards the seed money. Bank loan was applied for. One Trust member resigned at the last moment. The project was shelved for this reason only. The member who resigned is asking refund of his contribution. The Trust does not have enough money as it was invested in Land, Building Plan, etc. Is it obligatory to refund the money contributed by the Trustee?


Asked on 9/02/11, 6:13 am

3 Answers from Attorneys
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

if it was a mutual contribuition and he dont want to continue u can not keep his money

tell him that we will pay later

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Answered on 9/06/11, 2:13 am
Sanjay. K. Dixit, Advocate. Sanjay K Dixit, Advocate @ Karnataka Bar Council Enrolement No: "KAR/898/2007"

Dear Sir,

Yes you have to reimburse it, and please be clear with the clauses enshrined in your trust formation.

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Answered on 9/07/11, 2:37 am
Sanjay Kalra Sanjay Kalra & Associates

The content of the trust deed is important to decide whether to pay the money back or not.

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Answered on 9/08/11, 2:53 am


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