In Brief
Aviation Travels Pvt. Ltd appealed against a High Court judgment concerning a Power of Attorney executed by its Chairman and Managing Director in a dispute involving trust assets and compensation. The court upheld the validity of the notarized Power of Attorney with company seal. Regarding compensation, the court held that since multiple trust beneficiaries were involved, amounts should be invested in a nationalized bank pending final judgment, with beneficiaries able to apply for disbursement according to their entitlements. The court granted two months' additional time for deposit and directed the High Court to afford both parties opportunity to present evidence and decide the suit on merits.
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