limits the obligation and liability of the bank.
43. Sub-section (1) of Section 45ZA defines a nominee. The nominee is such person to whom ... receipt, the bank is discharged. Sub-section (4) confirms such discharge.
45. But Sub-section (4) of Section 45ZA carries a proviso which
contend that all the monies receivable by the
nominee by virtue of Section 45 ZA(2) of the Banking Regulation Act,
1949 (for short ... case of Ram Chander Talwar (supra),
the Apex Court extracted Section 45ZA(2) of the Regulation Act and
observed thus,
" Section 45ZA(2) merely
this
account had not been operated for some time, therefore, under
Section 45ZA(2) of the Banking Regulation Act, 1949, the entire
balance in that
misleading information
has been provided to him. Moreover, as per Section 45ZA of the Banking
Regulation Act r/w Section 2(7) of Banking Companies
Section 45 Z A of the Banking Regulation Act,1949 and it is relevant to extract Section 45 Z A of the Act:
45ZA:Nomination
Justice K.S.Puttaswamy(Retd) vs Union Of India on 26 September, 2018
Equivalent citations
