https://www.taxtmi.com/caselaws?id=303664 An antecedent agreement read with a deed of assignment may create a trust for sale where the transferee holds title subject to obligations to realise the property, pay rents and debts, maintain accounts, and distribute any surplus. A suit to enforce those trustee obligations is not treated as a suit for land when possession or title is not directly in issue, so jurisdiction may be maintained. A proposed sale at a grossly inadequate price, following lack of valuation or proper marketing, can amount to breach of trust and be restrained. A trustee cannot exclude the duty to render full accounts by contract, and an undervalued sale agreement may be treated as void and cancelled with refund of earnest money. en-us Thu, 24 Dec 1970 00:00:00 +0530 Thu, 04 Aug 2022 12:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303664 An antecedent agreement read with a deed of assignment may create a trust for sale where the transferee holds title subject to obligations to realise the property, pay rents and debts, maintain accounts, and distribute any surplus. A suit to enforce those trustee obligations is not treated as a suit for land when possession or title is not directly in issue, so jurisdiction may be maintained. A proposed sale at a grossly inadequate price, following lack of valuation or proper marketing, can amount to breach of trust and be restrained. A trustee cannot exclude the duty to render full accounts by contract, and an undervalued sale agreement may be treated as void and cancelled with refund of earnest money. Case-Laws Indian Laws Thu, 24 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303664