Supreme Court · 2010 INSC 677 · Decided 6 October 2010
Ram Chander Talwar & ANR. v. Devender Kumar Talwar & ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 677 · [2010] 11 S.C.R. 897
- Case number
- CIVIL APPEAL No. 1684/2004
- Decided
- 6 October 2010
- Bench
- AFTAB ALAM, RAJENDRA MAL LODHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
BANKING REGULATION ACT, 1949: A B s.45ZA(2) - Nominee's right in relation to the deposit made by deceased - Held: All the monies receivable by the C nominee by virtue of s.45 ZA(2) would form part of the estate of the deceased depositor and devolve according to the rule of succession to which the 45 ZA(2) merely puts the nominee in the shoes of the depositor after his death and clothes him with the exclusive D right to receive the money lying in the account - It gives him all the rights of the depositor so far as the depositor's account is concerned - But it by no stretch of imagination
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