appears to be that late Shri Vasant J.Desai
had opened a PPF A/c on 05.03.1989 with the respondent Bank and at
the relevant ... same day, her nomination is shown as entered in the passbook of PPF
account. Shri Vasant J.Desai expired on 22.04.2008. The petitioner
whose name
accused it has been
submitted that as per the first PPF, account of Gomaji
(HUF) was required to be closed and the interest ... because as per the accused, second account in
the same name of PPF was not permissible. Hence, the
payment has not been released
When the judgment
of another learned Single Judge of this Court in PPF
matter is confirmed by the Division Bench, then in our
considered opinion ... almost the
same question was there regarding irregularity committed
while opening PPF Account. Here, in the instant case,
there was irregularity committed by the appellant
prima facie appears that there is already entry in the passbook
of PPF account for nomination of the petitioner on 13.9.1991,
however, the contention ... respondent bank further
submitted that as per the scheme of the PPF, form No. G is required
to be submitted, by the person, seeking withdrawal
subject to the provisions of deduction on account
of the investment in PPF, GPF, etc. Further,
after 20042005, there is substantial rise
accepts the deposit from the public, may be in small savings scheme, PPF, GPF etc. is about 8% per annum. Even if the aspects
