SC allows trust to operate banks accounts to pay bills, taxes

The High Court had said that his two daughters, Rajkumari Amrit Kaur and Maharani Deepinder Kaur, were entitled to inherit and share the properties

The Supreme Court has permitted the Maharwal Khewaji Trust, which manages the Rs 20,000-crore property of erstwhile princely state of Faridkot, to operate bank accounts to pay salaries to staff and meet expenses on utilities bills and taxes etc.

The #SupremeCourt has permitted the Maharwal Khewaji Trust, which manages the Rs 20,000-crore property of erstwhile princely state of #Faridkot, to operate bank accounts to pay salaries to staff and meet expenses on utilities bills and taxes etc.

Photo: IANS (File) pic.twitter.com/kjjmcnuLF2

— IANS Tweets (@ians_india) October 21, 2020

In June, the Punjab and Haryana High Court had ruled that the will of Harinder Singh Brar, the last ruler of the erstwhile princely state, was forged in favour of the Maharwal Khewaji Trust on June 1, 1982.

The High Court had said that his two daughters, Rajkumari Amrit Kaur and Maharani Deepinder Kaur, were entitled to inherit and share the properties.

The trust had moved the Supreme Court against this order. The top court had ordered for a status quo and allowed the trust to continue as caretaker.

Last Friday, a bench comprising Justices UU Lalit and S Ravindra Bhat said: "Since the activities undertaken by the Trust are in the nature of running a hospital and other philanthropic causes, at this stage, we permit the applicant Trust to operate the accounts mentioned in Paragraph 12 of the application strictly for the purposes enumerated at serial numbers 2 to 7 in Paragraph 8 of the application."

The expenses include those on salaries, amounts due towards security agency, utilities bills, advance tax and GST payments and the statutory payments towards ESI and EPF.

The bench ordered that details of all expenses incurred as well as credits received should be placed before it periodically.

"The first report shall be filed on or before October 30; and the second report thereafter be submitted on or before November 30," said the top court.

Keep scrolling to read more news

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!