Chhattisgarh High Court's decision: Nomination is not sufficient for succession
The Chhattisgarh High Court has clarified that nomination in a bank does not create inheritance rights ; the nominee is merely the custodian of the deposit, not the owner. This order came in a dispute over a ₹1.5 million deposit with the Bank of India, Mungeli. Following the death of health worker Ranjanadevi Pradhan, both her son-in-law, Rahul Dhruv, and father-in-law, Lallaram, claimed the deposit. The trial court, upon reviewing the nomination, ordered the money to be given to the son-in-law, but the district court granted primary rights to Lallaram, a close relative, under the Hindu Succession Act. Citing Supreme Court decisions, the High Court upheld the appellate court's order, dismissing the revision petition, and affirmed Lallaram's right to the ₹1.5 million deposit .
