Sabra Khatoon v. Branch Manager, Punjab National Bank
Case brief
What is this about?
The High Court allowed the applicant's petition to withdraw Rs. 1,50,000 from her fixed deposit of Rs. 3,77,098, which comprised part of a Motor Accident Claims compensation. The funds were awarded from the deceased's estate, and the withdrawal was permitted to extend her business.
What did the court decide?
Permission granted to withdraw Rs. 1,50,000 from fixed deposit; balance of R. 2,27,098/ to remain in fixed deposit.