RSA No. 4357 of 2008(O & M) 1 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH RSA No. 4357 of 2008(O & M) Date of Decision:27.04.2010 Shakuntla Devi .... appellant Versus Nitu Kaushik & Ors. .....respondents CORAM: HON'BLE MR.JUSTICE RAKESH KUMAR GARG 1.Whether Reporters of local papers may be allowed to see the judgement? 2. To be referred to the Reporters or not? 3. Whether the judgment should be reported in the Digest? Present: Mr.A.L.Jain,Advocate for the appellant Ms.Naveen Malik Advocate for respondent Nos.1,2 and 3 Mr.Aalok Jagga, Advocate for respondent No.4 **** RAKESH KUMAR GARG J.(ORAL): The only dispute between the parties in this appeal is with regard to the amount lying in three bank accounts of deceased Ramesh Kaushik with respondent No.4-Bank. Appellant is the mother of deceased Ramesh Kaushik, whereas respondent Nos.1 and 2 are the widow and the minor son. On March 8, 2010, a consensus was reached between the parties that whatever amount is due from the bank, the same be deposited by way of FDR in the name of minor Chichi@ Pranab Kaushik s/o deceased Ramesh Kaushik. Counsel for the respondent-Bank has informed this court that a sum of Rs. 1,88,202.73 P. as on 06th March, 2010, is lying deposited RSA No. 4357 of 2008(O & M) 2 in three different account numbers of the bank in the name of Ramesh Kaushik, deceased. Learned counsel for the appellant has stated that this amount be deposited by way of FDR in the name of minor Chichi@ Pranab Kaushik s/o deceased Ramesh Kaushik and the aforesaid amount can be withdrawn by him on attaining his age of majority. Learned counsel appearing on behalf of the bank has no objection to this proposal. Even learned counsel appearing on behalf of respondent Nos.1 to 3 has no objection to the aforesaid prayer made by counsel for the appellant. However, the learned counsel has further submitted that the bank be directed to release the aforesaid amount of FDR at the request of beneficiary- Chichi@ Pranab Kaushik s/o deceased Ramesh Kaushik, after he attains the age of majority. After hearing learned counsel for the parties, this appeal is disposed of with the directions that amount of Rs. 1,88,202.73 P.along with the interest up to date which has accrued after the calculations were made on 06th March, 2010,be deposited by way of FDR in the name of minor Chichi@ Pranab Kaushik s/o deceased Ramesh Kaushik with Canara Bank, Sector 19-D, Chandigarh. The aforesaid amount shall be deposited by the bank in FDR having the maximum rate of interest. This FDR may be renewed by the bank from time to time.The aforesaid FDR be released to the beneficiary- Chichi@ Pranab Kaushik s/o deceased Ramesh Kaushik, at his request after attaining the age of majority i.e.17.09.2016. Appeal is accordingly disposed of. (RAKESH KUMAR GARG) JUDGE 27.04.2010 neenu