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IN THE HIGH COURT OF JUDICATURE AT MADRAS
N.ANAND VENKATESH
Marco Licata – Appellant
Versus
Union of India, through the Ministry of Finance, New Delhi – Respondent
ORDER :
1. The scope of the above writ petition and the stand taken by respondents 3 and 4 were captured by this Court in the earlier order passed on 15.7.2025 and it is extracted as hereunder :
“1. This writ petition has been filed challenging the impugned communication dated 05.01.2019 issued by the fourth respondent and for a direction to the fourth respondent to make over to the petitioner all the funds that are lying to the credit of late Sri Sushil Mazumdar @ Swami Satyananda at the fourth respondent bank.
2. The case of the petitioner is that Sri Sushil Mazumdar @ Swami Satyananda was a spiritual master, who dedicated his life to spiritual teaching and fostering inter-religious dialogue between the East and West. In the year 1976, he found the Sadhana Ashram, which is an international centre for spiritual and cultural research. This Sadhana Ashram was established in Italy. The petitioner, who is an Italian national, was the President of Sadhana Ashram from 03.09.2005 to 03.09.2010 and he continues as a member of the Executive Committee of the Sadhana Ashram.
3. The above said Sri Sushil Mazumdar @ Swami Satyananda held large investments with the State Bank of India viz., fourth
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.
Nomination in insurance does not confer absolute rights over terminal benefits, which pertain to legal heirs under succession laws.
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