CENTRAL GOVERNMENT OF INDIA vs KRISHNAJI PARVATESH KULKARNI

The Supreme Court upheld the High Court's decision affirming the Civil Court's decree for payment of maturity value of Indira Vikas Patras (IVPs) despite their loss, citing the Indira Vikas Patra Rules, 1986, particularly Rule 7(2), which states that lost certificates will not be replaced. The Court emphasized that the loss was bona fide and there was no claim from any other party, thus entitling the original holder to the maturity value. The Court rejected the appellant's argument based on J. Kemparayappa v. Union of India, reinforcing the principle that bona fide loss should not deny rightful payment under the Act.