NCLT Bengaluru allows petition seeking transmission of shares from deceased trustee's demat account to Kirloskar Electric Co. Officers and Engineers Welfare Trust.
Tribunal declares shares belong solely to Trust, not trustee's personal estate, based on Trust Deed and legal heirs' affidavits.
Directs CDSL and Bank of India Share Holding Limited to facilitate share transfer from old account (DEMAT ID 1302080000491217) to new Trust account.
Resolves dispute arising from Depository Participant's clerical error linking Trust account to trustee's PAN instead of Trust PAN.