Supreme Court of India · 2010-07-29
REKHABEN H SHETH vs CHARU K MEHTA .
- Citation / case number
- SC 2009/36636
- Court
- Supreme Court of India
- Petitioner
- REKHABEN H SHETH
- Respondent
- CHARU K MEHTA .
- Author
- ALTAMAS KABIR
- Bench
- ALTAMAS KABIR,A.K. PATNAIK, , ,
Judgment text excerpt
The Supreme Court addressed the contempt petition arising from the Bombay High Court's order regarding the management of the Lilavati Kirtilal Mehta Medical Trust under Section 41D of the Bombay Public Trusts Act, 1950. The Court held that the withdrawal of funds by the trustees for legal fees constituted a financial transaction requiring prior approval from the Joint Charity Commissioner, thus affirming the High Court's directive. The Court emphasized the necessity of adhering to the established protocols for financial transactions involving trust funds, reinforcing the accountability of trustees in managing trust assets.