Fixed deposit retained and not transferred to son’s account due to unsound state of mind of account holder

Karunanathan Vs Secretary to Government of India (Madras High Court) Madras High Court held that retention of fixed deposits amount and not transferring in son’s account justified since doctor who examined petitioner declined to certify their sound state of mind. Facts- The petitioners, husband and wife, hold several fixed deposits together totaling Rs. 16,76,505/-, all of which matured in 2023. The petitioners’ case is that due to their old age, they instructed their son, K.Thiagaraja Marthandan, to take the necessary steps to withdraw the amounts from the fixed deposits. However, the...