https://www.taxtmi.com/caselaws?id=281792 The court found that the agreement between the parties was uncertain and inchoate regarding the development terms of the property, leading to a declaration that the shares and directorships of the company were held in trust for the plaintiffs. It was determined that the breach of the contractual obligation would result in damages rather than specific performance. The court held that the Benami Act did not override the fiduciary obligations under the Indian Trusts Act, dismissing the invocation of the constructive trust doctrine. Interim relief was granted to restrict alienation of the property, with the defendants sanctioned for breaching the order. The appeals were dismissed, affirming the adequacy of the interim directions. en-us Wed, 25 Apr 2007 00:00:00 +0530 Wed, 25 Dec 2019 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281792 The court found that the agreement between the parties was uncertain and inchoate regarding the development terms of the property, leading to a declaration that the shares and directorships of the company were held in trust for the plaintiffs. It was determined that the breach of the contractual obligation would result in damages rather than specific performance. The court held that the Benami Act did not override the fiduciary obligations under the Indian Trusts Act, dismissing the invocation of the constructive trust doctrine. Interim relief was granted to restrict alienation of the property, with the defendants sanctioned for breaching the order. The appeals were dismissed, affirming the adequacy of the interim directions. Case-Laws Benami Property Wed, 25 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281792