JUDGMENT

(Prayer: Petition filed under Section 34 of the Indian Trust Act read with Order XXV Rule 4 of O.S. Rules, praying to permit the Trustees of the petitioner Trust to sell the property set out in the schedule for a sum of Rs.95,91,720/- and to utilise the sale proceeds for the welfare and betterment of the Trust.)

1. This Original Petition has been filed to grant permission to sell the Schedule mentioned property which is one of the property of the Trust set out in the schedule by the Petitioners/ Trustees and to utilize the sale proceedings for the welfare and betterment of the trust objects.

2. A trust by name 'Pundi Pattammal Srinivasa Iyengar Trust' was created by the trustees who are the petitioners herein to manage the properties of one Sri P.V.Srinivasa Iyengar and to comply his intentions as per the Will dated 30/3/1967. The main object of the Trust is to donate the proceeds to various religious functions that will be carried out in the Sri Viashnava temples situated anywhere in India or abroad and to maintain the immovable properties left by Sri P.V.Srinivasa Iyeng