IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 12.12.2018

CORAM

THE HONOURABLE Mrs. JUSTICE PUSHPA SATHYANARAYANA

W.P.No.13809 of 2018

1. V.Kalpana

2. N.Venkatesh

.. Petitioners

Vs.

1. The Branch Manager,

State Bank of India,

Mandaveli Branch,

Vekata Krishna Road,

Mandaveli, Chennai 600 028.

2. The Secretary,

Ministry of Finance,

Banking Division,

New Delhi.

.. Respondents

* * *

Prayer : Writ petition filed under Article 226 of the

Constitution of India praying for a Writ of Mandamus directing

the first respondent State Bank of India, Mandaveli Branch, to

release the amount to the petitioners standing to the credit of

Mr.Natarajan in the Account No.10150944952 in Pass Book No.1015

maintained under the PPF Scheme, 1968.

* * *

For Petitioner :

Mr.G.Senthilkumar

For Respondents:

Mr.K.Chandrasekaran for R1

Mr.R.Veludas,

Central Govt. Standing Counsel for R2

O R D E R

The Bank Companies (Acquisition and Transfer of

Undertakings) Ordinance, 1969 was promulgated on 19.07.1969,

followed by Act 5 of 1970. The Preamble of the Act reads as

follows :

“An Act to provide for the acquisition and

transfer of the undertak