Facts
The petitioner sought a succession certificate under Section 372 of the Indian Succession Act, 1925, in respect of 1,350 equity shares of IndusInd Bank Limited standing in the name of his late mother, R. Rajammal, who died intestate.
Source reference: pp. 2–4, paras. 2–6He claimed that he and respondents 1 to 3 were her surviving legal heirs.
Source reference: pp. 2–4, paras. 2–6The respondents filed consent affidavits, and no objection was made following general publication.
Source reference: pp. 2–4, paras. 2–6The petitioner gave evidence and produced documents concerning the deaths, heirs and shares.
Source reference: pp. 2–4, paras. 2–6Issues
Whether the petitioner established entitlement to a succession certificate for the shares standing in the name of the deceased
Source reference: p. 4, para. 7Whether the certificate could be granted where the other identified heirs consented and no objection was received
Source reference: p. 5, para. 8Law Applied
Section 372 of the Indian Succession Act, 1925, provides the basis for an application for a succession certificate; Order XXV Rule 6 of the Madras High Court Original Side Rules governed the petition’s procedure.
Source reference: p. 2The Court assessed the evidence concerning the deceased’s death, the applicant’s relationship to her, the existence of the claimed securities and the absence of rival claims.
Source reference: pp. 4–5, paras. 7–8Reasoning
The Court found that the petitioner’s oral and documentary evidence established the death of R. Rajammal, the parties’ relationships to her and the existence of the shares for which the certificate was sought.
Source reference: p. 4, para. 7The respondents’ consent affidavits and the absence of objections after publication left no rival claim before the Court; it therefore found the petitioner entitled to the certificate.
Source reference: pp. 4–5, paras. 5, 8Holding
The Court allowed the petition and directed issuance of a succession certificate to the petitioner for 1,350 IndusInd Bank Limited equity shares, Share Certificate No. 637773, standing in the name of late R. Rajammal, together with any dividends or other accretions, subject to compliance with the requisite formalities.
The petitioner may collect the securities and give a valid discharge.
Source reference: p. 5, para. 9No costs were ordered.
Source reference: p. 5, para. 9Acts & Sections Cited
2 provisions across 2 statutes referred to in this judgment. Each provision opens on LawLens.
Indian Succession Act, 19251
Bharatiya Sakshya Adhiniyam, 20231
Original Court PDF
P.PoongkundranvsP.Alli and 2 others
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