Asked in Family
Greetings! Bank has not committed any illegality in the absence of any injunction against the bank for transferring such amount to the nominee. All the questions can't be answered here as every topic needs exhaustive discussion. You may take consultation for further guidance and advice. Regards.
Dear client Nominee is nothing but trustee of asset However Without succession certificate how could Bank disbursed the amount to the nominee it is question here Therefore If suit pending then it can amended for recovery of amount
Dear client if a nominee has been assigned to a particular amount then the bank is bound to transfer the money to nominee therefore there is no fault of bank in the given situation how ever if you don't want to be given to the nomine then in that case you have to find out case before the court but the same
Dear Sir, The Banks are authorised to pay the amount to the nominee unless there is any injunction order by any Civil Court or High Court. Even after paying of such amount proceedings for getting succession certificate is valid and the nominee is obliged to distribute such amount among all the entitled legal heirs of the deceased.
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