GOWRISHANKAR vs JOSHI AMBA SHANKAR FAMILY TRUST

The Supreme Court upheld the Madras High Court's decision allowing trustees to sell trust property under the modified trust deed conditions, specifically referencing the order dated November 23, 1983. The Court emphasized that the trustees must act in accordance with the trust's objectives and the court's permissions, establishing that trustees have a fiduciary duty to maximize the trust's assets. The appeal was dismissed, affirming the High Court's ruling that the sale to the highest bidder was valid and in the best interest of the trust beneficiaries.