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IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATHI
VENKATESWARLU NIMMAGADDA
Betha Mahalakshmi, W/o. Late Kona Srinivasa Kumar – Appellant
Versus
State Bank Of India, Rep By Its Branch Manager – Respondent
ORDER :
(Venkateswarlu Nimmagadda, J.)
This Writ Petition under Article 227 of the Constitution of India is filed for the following relief:
2. The petitioner herein i
The court affirmed that a succession certificate grants legal heirs entitlement to deceased's bank deposits, overriding nominee claims under the Banking Regulation Act.
A nominee does not inherit the estate of the deceased and must distribute amounts to legal heirs according to succession laws.
Nomination does not confer ownership rights; legal heirs retain entitlement to the deceased's estate under succession laws.
Nominees do not inherit the estate of the deceased; they must distribute amounts to legal heirs according to succession laws.
A nominee under Section 45ZA of the Banking Regulation Act has the right to receive funds, but these funds remain part of the deceased's estate and are subject to succession laws.
Nomination in insurance does not confer absolute rights over terminal benefits, which pertain to legal heirs under succession laws.
Banking Services – Release of amount of deceased claimed by nominees – Nomination process does not override succession laws.
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