https://www.taxtmi.com/caselaws?id=307535 Section 10 of the Indian Limitation Act, 1908 applies only where property is vested in an express trustee for a specific purpose. A constructive, resulting, or merely fiduciary obligation is insufficient. On the facts, the defendant's retention of the shares after the decree did not create an express trust requiring holding for transfer, and the decree declaring the plaintiffs' ownership did not by itself impose such a trust. The defendant was therefore not an express trustee, so Section 10 did not bar the suit on limitation grounds. The decree was accordingly in favour of the plaintiffs. en-us Tue, 12 Dec 1944 00:00:00 +0630 Thu, 20 Apr 2023 14:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307535 Section 10 of the Indian Limitation Act, 1908 applies only where property is vested in an express trustee for a specific purpose. A constructive, resulting, or merely fiduciary obligation is insufficient. On the facts, the defendant's retention of the shares after the decree did not create an express trust requiring holding for transfer, and the decree declaring the plaintiffs' ownership did not by itself impose such a trust. The defendant was therefore not an express trustee, so Section 10 did not bar the suit on limitation grounds. The decree was accordingly in favour of the plaintiffs. Case-Laws Indian Laws Tue, 12 Dec 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=307535