which the Apex Court held "Section 45ZA(2) merely
puts the nominee in the shoes of the depositor after his
death and clothes ... wherein the Hon'ble Supreme Court of India
while interpreting Sec.45ZA(2) of Banking Regulation Act
has held as follows:
"Sec.45ZA
that he is
nominee in the account in question.
13.2 Section 45ZA of The Banking Regulation Act, 1949 provides as
under :
"45ZA. Nomination ... whom any payment is made under this section."
13.2 A bare reading of Section 45ZA of The Banking Regulation Act, 1949 as
reproduced above
defendant no.1. In this
regard it is important to mention section 45ZA of the Banking
Companies Nomination Rules (1985) which reads as under ... Others reported as __ while
dealing with this issue has observed :
"Section 45ZA (2) merely puts the nominee in the shoes of
the depositor after
Bank of India, Shalimar Bagh, Delhi as per
the provisions of Section 45ZA of the Banking Regulation Act, 1949, after the
cancellation of nomination
respect of Locker No. 336, in place of petitioner. As per
Section 45ZA of the Banking Regulation Act, 1949 and Rule
Learned Counsel for the plaintiff has referred to the notification
Section 45ZA in Banking Regulation Act, 1949 to argue that the plaintiff
being the nominee
Supreme Court held as
under :
"Section 45ZA(2) merely puts the nominee in the shoes of
the depositor after his death and clothes ... succession. All the monies
receivable by the nominee by virtue of section 45 ZA(2)
Suit No 607594/16 Manju Nagpal Vs. Indusland Bank
