K.Jayapriya and 2 Others v. J.Rajeswari and Another
Case brief
What is this about?
Madras High Court, A. No. 2722 of 2025 in O.P. No. 566 of 2021 (02-07-2025), K. Kumaresh Babu, J. Keywords: Letters of Administration; Settlement Deed; Will of Munusamy; beneficiaries; transfer of interest between co-beneficiaries; ultimate beneficiary; annual true and correct accounts; order dated 12.03.2024 granting LOA. Relevant for research on applications by holders of Letters of Administration seeking court permission to settle/transfer estate property inter se among beneficiaries under a Will, and on accounting conditions imposed by the Court on such settlements.
What did the court decide?
Application ordered as prayed for: the first and second petitioners (K.Jayapriya and K.Amudha) are permitted to execute a Settlement Deed transferring their interest in the property covered under the Will to the third petitioner (K.Parimala); the third petitioner is directed to render true and correct accounts once a year after execution of the settlement deed.