Dear Mr. MPS Ramani,
Probably, besides Mr. Jigyasu, you are on the teaching spree to me also! Although I am not obliged to enter in to any argument with you on your half baked knowlerdge when you believe only on hearsay, yet to clear the clouds of your mind, I am responding to your post.
When you admit that there is no law that declares a nominee as a trustee, there remains no dispute on the issue. Anyway, your study can be appreciated, but is totally misdirected, as adventurous wihtout any specific aim or object.
About your assumption, "In law everything need not be expressed," Thay gives an inkling, as if you have been assigned with the responsibility to express anything you like, as and when you feel the need!
About your view, "Most probably the entire legal community in India holds the view that the rights of a successor under the succession act prevails over that of a nominee," I really wonder, if a learned person like you believes on hearsay without any substantial base. Further, a matter of mere commonsense, if you believe on some hearsay, it is not necessary for me to follow you to simply beieve on mere heresay unless convinced on the basis of provision in some specific law. You may better know that law is not based on hearsay, but a very systematically prescribed justice system for the conduct of business pertaining to its enforcement. Incapability of certain lawyers to stand against the misinterpretations of law cannot become the paracticable precedents in law.
Still further, a nomination once made by any person cannot be treated to have been cancelled or annuled under any law, unless the person making nomination cancells or changes the nomination, himself. Not even a court has been delegated the authority to cancel or treat his nomination as cancelled or changed on behalf of the deceased affter his death. If someone treats the nomination as annulled that can be fairly be treated as the breach of trust of the deceased that too after his death. His nimination is just like his will.