Authority: High Court of Judicature at Madras

Order Date: 29-09-2026

Case Overview

  • Parties: Petitioner P. Poongkunran (son of the deceased) vs. Respondents P. Alli (daughter), Arul J and J. Kannan (children of P. Tamil Chelvi).
  • Nature of Proceeding: Original Petition under Section 372 of the Indian Succession Act, 1925 read with Order XXV Rule 6 of the Original Side Rules, seeking a Succession Certificate for debts and securities of the estate of late R. Rajammal.
  • Background: R. Rajammal died intestate on 26‑12‑2006. Her husband predeceased her. She had one son (the petitioner) and two daughters (respondent No.1). The mother of respondents Nos.2 and 3, P. Tamil Chelvi, predeceased the deceased on 16‑01‑2022; her husband Dr. N. Jayaprakash also predeceased her. Legal Heirship Certificate dated 21‑03‑2022 confirms respondents Nos.2 and 3 as heirs of P. Tamil Chelvi. Legal Heirship Certificate dated 16‑04‑2007 lists the petitioner, respondent No.1 and P. Tamil Chelvi as heirs of R. Rajammal.
  • Share History: The deceased purchased 400 equity shares of Rs.10 each of M/s. Ashok Leasing and Hire Purchase Limited on 22‑11‑1986 via IPO. The company later became M/s. Ashok Leyland Finance Limited and issued 200 bonus shares on 22‑03‑1994 (ratio 1:2), bringing total holding to 600 shares (Folio No.007660). Ashok Leyland Finance merged with M/s. IndusInd Bank Limited on 28‑07‑2004, converting the 600 shares into 1,350 equity shares of IndusInd Bank. The market value of these securities is Rs 12,60,900/‑.
  • Procedural Steps: Respondents Nos.1‑3 filed consent affidavits expressing no objection to the issuance of the Succession Certificate. General publication was effected in the Tamil daily "Makkal Kural" on 10‑04‑2026; no objections were raised in open court. Succession duty of Rs 25,000 was paid on 18‑11‑2025 (Dno: 13492, dt: 17/04/2026).
  • Evidence Presented: Petitioner examined himself as P.W.1 and marked Ex.P1‑P8, including death certificates, legal heirship certificates, letters from Link Intime India Private Limited (14‑08‑2014) and Intime Spectrum Registry Limited (25‑08‑2004), the share certificate No.637773 issued by IndusInd Bank, and a certificate under Section 63(4)(C) of the Bharatiya Sakshya Adhiniyam, 2023.

Final Outcome

  • The Court, satisfied that the death, heirship, and existence of the debt are established, and noting the absence of rival claimants and objections, grants the Original Petition.
  • A Succession Certificate shall be issued in favour of the petitioner, Mr. P. Poongkunran, for 1,350 equity shares of IndusInd Bank Limited (Share Certificate No.637773) along with any accrued dividends or other accretions.
  • The petitioner is entitled to collect the securities and give valid discharge thereof. No costs awarded.

Topics: Succession Certificate, Share Transfer