Mohan is a trustee for the benefits of Raman. Mohan delays in investing trust money, causing therewith loss to beneficiary. Whether the trustee Mohan is liable to pay interest thereon for the delay as per Trust Act ?

If a trustee is guilty of unreasonable delay in investing trust money in accordance with Section 20 of the Indian Trust Act, 1882, or in paying it to the beneficiary then the trustee is liable to pay interest thereon to the beneficiary for the period of the delay. In view of the Indian Trust Act, 1882, it is clear that trustee Mohan is liable to pay interest thereon for the delay.