Legal difference between endowment and trust.
shreeramachandran
(Querist) 25 March 2014
This query is : Resolved
a certain individual is said to have assigned the income of his landed property for a temple celebration on a specific day. It is termed as endowment. There are many endowments for the same purpose on the same day.The temple does have any documentary proof of assignment as told by it.The land was directly leased to occupying tenants on oral agreement 100 years ago and no legal agreement with the occupants. There was no restriction on the type of building for occupation by tenants.The endowment is only for the specific purpose of celebration and did not contain any clause for profiteering by the temple using the property by levying rent arbitrarily. Is there any judgment by supreme court that endowment can improve the income out of the property.
thanks
shreeramachandran
shreeramachandran
(Querist) 26 March 2014
Thanks for the flash reply. I can pick up here if only a judgment is refered.In the above, the land owner had direct dealings regarding the land occupation by tenants before he assigned the income for the one day celebrations. thanks sir
shreeramachandran
shreeramachandran
(Querist) 26 March 2014
Sir, I just need the reference number of the judgment. I do not need the judgment. Is that also difficult sir,
Devajyoti Barman
(Expert) 26 March 2014
Yes, it is permissible. There are such precedents. Ask your lawyer.
T. Kalaiselvan, Advocate
(Expert) 27 March 2014
There are settled laws on the subject, you may refer to some old journals available in the Bar library of any district court nearby to you, contact your lawyer who will be of help to you in this regard.
shreeramachandran
(Querist) 27 March 2014
AS a last resort, I came to Lawyer club. Thanks for the kind reply.
