Court : Orissa
Decided on : Aug-30-1988
Reported in : AIR1989Ori236; 71CompCas251(Orissa)
..... government or of a state government; (b) any bond, debenture, or annuity charged by act of parliament of the united kingdom on the revenues of india; (c) any stock or debenture of, or share in, a company or other incorporated institution; (d) any debenture or other security for money issued by, or on behalf ..... that regard.8. the next question is whether gold ornaments pledged are debts for which succession certificate can be granted. section 381 of the act deals with payment of debts and meaning of the word 'debt' is to be determine in that context. 'debt' has not been defined ..... the gold ornaments on payment of dues to the bank ?6. succession certificate is granted on an application under section 372 of indian succession act, in respect of debt or security. a succession certificate specifies the debts and securities as per the application. the effect of the certificate ..... production of letters of administration for releasing the gold ornaments.5. there is no dispute that sanatan, a hindu governed under the hindu succession act, 1956 died intestate leaving behind the plaintiffs as his sole heirs and legal representatives. he had deposited with the state bank of india, puri ..... the deceased and this is indisputably the appropriate form. where, however, the goods and moveable property are 'securities' as defined in the indian succession act, a succession certificate covering the securities would also be the appropriate form.' 4. trial court decreed the suit on the finding that circular no. 5 .....Tag this Judgment!