https://www.taxtmi.com/caselaws?id=96835 Property or money deposited for a specific protective purpose, with only a limited right of recourse, remains trust property until that purpose is fulfilled. In liquidation, such trust property is not part of the general assets available to ordinary creditors, so the beneficiary retains priority over unsecured claims. Where the claim concerns trust property rather than an ordinary debt, interest may run until actual payment. A modest enhancement may also be justified on cross-objection to reflect delay and changed market conditions, but only to the extent supported by the circumstances. en-us Fri, 20 Sep 1940 00:00:00 +0530 Wed, 11 Jan 2012 14:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96835 Property or money deposited for a specific protective purpose, with only a limited right of recourse, remains trust property until that purpose is fulfilled. In liquidation, such trust property is not part of the general assets available to ordinary creditors, so the beneficiary retains priority over unsecured claims. Where the claim concerns trust property rather than an ordinary debt, interest may run until actual payment. A modest enhancement may also be justified on cross-objection to reflect delay and changed market conditions, but only to the extent supported by the circumstances. Case-Laws Companies Law Fri, 20 Sep 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96835