https://www.taxtmi.com/caselaws?id=105818 Transferable bonds carrying an undertaking to pay the bond-holder or order gave the registered claimant an enforceable contractual and statutory right to redemption. The dispute-resolution mechanism designed for genuine inter-governmental or public sector conflicts could not be used to defeat a bona fide claim where the real controversy was between the mutual fund and the issuing corporation, and the fund held the bonds through a bank only in a trustee capacity. The statutory bar on recognising trusts in the register did not prevent relief on these facts, and the order directing rectification of the bond register and payment of redemption proceeds was restored. en-us Tue, 05 Dec 2000 00:00:00 +0530 Sat, 21 Feb 2015 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105818 Transferable bonds carrying an undertaking to pay the bond-holder or order gave the registered claimant an enforceable contractual and statutory right to redemption. The dispute-resolution mechanism designed for genuine inter-governmental or public sector conflicts could not be used to defeat a bona fide claim where the real controversy was between the mutual fund and the issuing corporation, and the fund held the bonds through a bank only in a trustee capacity. The statutory bar on recognising trusts in the register did not prevent relief on these facts, and the order directing rectification of the bond register and payment of redemption proceeds was restored. Case-Laws Companies Law Tue, 05 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105818