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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Trustee Liable for Losses Under Indian Trusts Act Section 23, Except When Breach Induced by Beneficiary's Fraud or Consent.</h1> Under Section 23 of the Indian Trusts Act, 1882, a trustee who breaches trust is liable to compensate for any loss to the trust property or beneficiary, except if the breach was induced by the beneficiary's fraud or consent. The trustee is generally not liable for interest unless specific conditions apply, such as receiving interest, unreasonable delay in payment, or failure to invest trust money. In such cases, the trustee may owe simple or compound interest, or account for net profits from unauthorized use of trust property. Illustrations clarify various scenarios where trustees are held accountable for breaches.
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