New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Suit against a trustee of a temple for account of trust

    property and proceeds thereof-
    A is not barred by limitation. Correct Answer Incorrect Answer
    B shall be filed within limitation period. Correct Answer Incorrect Answer
    C may be filed within period of limitation and delay gets condoned easily. Correct Answer Incorrect Answer
    D is subjected to 3 years of limitation Correct Answer Incorrect Answer
    E is subjected to 3 years of limitation with a recurring cause of action. Correct Answer Incorrect Answer

    Solution

    S.10. Suits against trustees and their representatives .—Notwithstanding anything contained in the foregoing provisions of this Act, no suit against a person in whom property has become vested in trust for any specific purpose, or against his legal representatives or assigns (not being assigns for valuable consideration), for the purpose of following in his or their hands such property, or the proceeds thereof, or for an account of such property or proceeds, shall be barred by any length of time.

    Practice Next

    Relevant for Exams: