REFUND OF INVESTMENT PROCEEDS
4 years ago
OUR BELOVED MOTHER PASSED AWAY IN 2018. SHE HAD INVESTED CERTAIN AMOUNT IN A FINANCIAL INSTITUTION LATER FACED LEGAL PROBLEMS AND COURT APPOINTED ADMINISTRATOR. IN THE COURSE TIME THE DECEASED INVESTOR NOMINATED HER GRAND SON TO RECEIVE THE PROCEEDA IN THE EVENT OF DEATH. NOW THE ADMINISTRATOR DECLINED THE NOMINEE'S CLAIM INSISTING FOR LEGAL HEIRS. WHEN THERE IS A NOMINEE IS IT FAIR ON THE PART OF ADMINISTRATOR TO SUMMON EACH AND EVERY SON AND DAUGHTER AND SIBLINGS FOR SETTLEMENT ?
A.Dear Sir,
You may approach again to the same Court saying that the action taken by Administrator is not legal and ask the Court to instruct the administrator accordingly.
You may approach again to the same Court saying that the action taken by Administrator is not legal and ask the Court to instruct the administrator accordingly.
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Vikramaditya .
Responded 4 years ago
A.Hi,
The nomination by the deceased in the name of her grand son must have been done through some legal document. If it is not done legally, it has no value in the court of law. But if it is done through a legal instrument, you should approach the court informing it about the presence of such instrument. #bankruptcyanddebt
Regards,
The nomination by the deceased in the name of her grand son must have been done through some legal document. If it is not done legally, it has no value in the court of law. But if it is done through a legal instrument, you should approach the court informing it about the presence of such instrument. #bankruptcyanddebt
Regards,
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Sanjay Kumar Jha
Responded 4 years ago
A.Dear client,
Yes, Administrator has right to see the No Objection certificate from rest of the claimants as per succession of legal heirs. And if , the deceased had nominated while alived and signatures are verified. Then, no need to claim any other documents unless, objection filed before him by someone.
You may Also proceed against this to H.C by writ filing against his order.
Thanks
Yes, Administrator has right to see the No Objection certificate from rest of the claimants as per succession of legal heirs. And if , the deceased had nominated while alived and signatures are verified. Then, no need to claim any other documents unless, objection filed before him by someone.
You may Also proceed against this to H.C by writ filing against his order.
Thanks
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