GWVALIER I. J. IYYAPPAN & ANOTHER vs THE DHARMODAYAM COMPANY

The Supreme Court held that a Director of a company acts as a trustee and is in a fiduciary position, thus cannot create a trust over company assets without proper authority. The Court ruled that the appellant's unilateral act of creating a trust deed for land owned by the company was invalid, as a trust cannot be established on property belonging to another. The Court emphasized that the appellant's claim to the building was not tenable since he could not create a lease in his favor without the company's consent, leading to the dismissal of his appeal.