M. V. RAMASUBBIER AND OTHERS vs MANICKA NARASIMHACHARI AND OTHERS

The Supreme Court held that under Sections 49, 51, and 52 of the Trusts Act, a trustee cannot sell trust property to himself or a family member without compelling reasons and court approval. The Court found that the managing trustee's sale of trust property to his son for less than a higher offer was improper and constituted a breach of trust. The High Court's dismissal of the plaintiffs' suit was overturned, emphasizing the fiduciary duty of the trustee to act in the best interest of the trust.