Allowed

Sabarish, S/O.S.Malarvizhi, v. Reserve Bank of India

Madras HC9 Jan 2017WP(MD)/13833/2016

Case brief

AI extract

What is this about?

In this writ petition, the petitioners sought a direction to a bank to release fixed deposit amounts deposited in their names when they were minors. The court directed the bank to permit withdrawal within two weeks as the petitioners are now major and the bank had no objection.

What did the court decide?

Directed the respondent bank to permit the petitioners to withdraw the amount available under F.D/01/140100 & F.D./01/140101 within two weeks.

Sabarish, S/O.S.Malarvizhi, Vs Reserve Bank… — Contract and Commercial Disputes | Madras HC (2017)

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BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 09.01.2017 CORAM THE HONOURABLE MR.JUSTICE K.RAVICHANDRABAABU W.P(MD)No.13833 of 2016 and W.M.P(MD)No.10313 of 2016

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1.Sabarish

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2.Sneha .. Petitioners

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vs.

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1.Reserve Bank of India, Through its Regional Director, Fort Glacis, No.16, Rajaji Salai, Chennai – 600 001.

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2.Corporation Bank, Corporate Office, Through its Manager, Mangaladevi Temple Road, P.B.No.88, Mangalore – 575 001.

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3.Corporation Bank, Through its Branch Manager, No.93, East Marret Street, Chandra Arcade, 1^st Floor, Madurai – 600 001.

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... Respondents

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PRAYER: Petition filed under Article 226 of the Constitution of India, praying for the issuance of a writ of Mandamus directing third respondent to disburse the deposit amount with accrued interest thereon, under F.D/01/140100 & F.D./01/140101 to the petitioners as per the rules, prescribed by the first respondent for withdrawal of F.D amount, without insisting court's permission as they become major.

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For Petitioner : Mr.R.Suriya Narayanan For Respondents : Mr.K.Jegadeesan for R3

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This writ petition is filed seeking for a direction to the third respondent to disburse the amount deposited under F.D/01/140100 & F.D./01/140101.

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https://hcservices.ecourts.gov.in/hcservices/ 2.Heard the learned counsel appearing for the petitioner and the learned counsel appearing for the respondent bank.

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3.It is seen that the abovesaid amount was deposited in the name of the petitioners, when they were minors, by the father of the petitioners towards permanent maintenance, in a matrimonial proceedings pending between the petitioners' father and mother. Now, the petitioners want to withdraw the abovesaid amount, as they have become major.

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4.The learned counsel appearing for the respondent bank submitted that the bank is not having any objection for withdrawal of those deposits by the petitioners, since those deposits are admittedly standing in the name of the petitioners, who have become major by this time.

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5.Recording the abovesaid submission of the learned counsel appearing for the respondent bank, this writ petition is disposed of by directing the respondent bank to permit the petitioners to withdraw the amount available under F.D/01/140100 & F.D./01/140101 within a period of two weeks from the date of receipt of a copy of this order. No costs. Consequently, connected miscellaneous petition is closed.

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Sd/-

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Assistant Registrar(CS-I)

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/True Copy/

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Sub Assistant Registrar

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1.The Regional Director, Reserve Bank of India, Fort Glacis, No.16, Rajaji Salai, Chennai – 600 001. 2.The Mananger, Corporation Bank, Corporate Office, Mangaladevi Temple Road, P.B.No.88, Mangalore – 575 001.

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3.The Branch Manager, Corporation Bank, No.93, East Marret Street, Chandra Arcade, 1^st Floor, Madurai – 600 001.

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+1cc to Mr.R.Suriya Narayanan,Advocate,sr no 1648 skn ms pm pn 31.01.2017 2p/5c

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https://hcservices.ecourts.gov.in/hcservices/

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W.P(MD)No.13833 of 2016 and W.M.P(MD)No.10313 of 2016 09.01.2017

Sabarish, S/O.S.Malarvizhi, v. Reserve Bank of India

Case brief

What is this about?

What did the court decide?

Sabarish, S/O.S.Malarvizhi, v. Reserve Bank of India

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

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