Shri Vishin N. Khanchandani & Anr vs Vidya Lachmandas Khanchandani & Anr

The Supreme Court addressed the issue of whether a nominee specified in National Savings Certificates is entitled to the sum due upon the death of the holder, to the exclusion of all other claimants. The Court held that under Section 6 of the Government Savings Certificates Act, 1959, the nominee is entitled to the payment of the savings certificates, thereby establishing that the nominee's rights are superior to those of the legal heirs. The appeal was dismissed, affirming the High Court's decision that the nominees could not claim the amounts to the exclusion of the legal heirs.