https://www.taxtmi.com/caselaws?id=459685 A proposed public auction of precious articles belonging to a trust was treated as a major financial decision requiring prior court oversight. The court stayed the auction immediately and restrained the committee from creating third-party interests, acquiring immovable property, making other major financial commitments, filling regular vacancies, or converting or melting precious metals without prior permission. It also directed safeguarding of the precious articles and ordered wide publication of the stay on the trust's website and in widely circulated newspapers to prevent further action affecting the trust's assets and administration. en-us Tue, 16 Oct 2012 00:00:00 +0530 Mon, 23 Dec 2024 18:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459685 A proposed public auction of precious articles belonging to a trust was treated as a major financial decision requiring prior court oversight. The court stayed the auction immediately and restrained the committee from creating third-party interests, acquiring immovable property, making other major financial commitments, filling regular vacancies, or converting or melting precious metals without prior permission. It also directed safeguarding of the precious articles and ordered wide publication of the stay on the trust's website and in widely circulated newspapers to prevent further action affecting the trust's assets and administration. Case-Laws Indian Laws Tue, 16 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459685