M/s. Bhagwan Shree Parashuram Charitable Trust v. Nil
Case brief
What is this about?
Section 92(1) CPC permission suit, Madras High Court, C.S. No. 221 of 2025 (decided 21-01-2026, P. Dhanabal J.): charitable trust (Bhagwan Shree Parashuram Charitable Trust) permitted to sell its Korrukupet/Jeeva Nagar property by public auction at not below guideline value Rs.1,600/- per square foot; sale proceeds restricted to Trust objects; registered sale deed deposited with Court; surplus to nationalised bank; prior leave granted in A.No.4215 of 2025; Trust Deed dated 20.11.2006, Clause 6(8); suit decreed.
What did the court decide?
The Civil Suit was decreed in favour of the plaintiffs: permission granted to sell the suit property by public auction at not less than the guideline value of Rs.1,600/- per square feet, subject to conditions that the sale proceeds be deposited to the Trust's account and applied solely to Trust objects, the registered sale deed be deposited before the Court, and any surplus be placed in a nationalised bank with interest withdrawable once in three months.