Authority: High Court of Judicature at Madras
Order Date: 03-09-2026
Case Overview
- Petitioner: Kamal Prasanna, daughter of the deceased T. Prasannan, residing at Atlantis, PH Road, Poonamallee, Tamil Nadu.
- Respondents: Kasthuri (wife of the deceased) and Rajesh Prasanna (son of the deceased), both residing in Kanyakumari District.
- Petition (OP No. 161 of 2025) filed under Sections 372 and 300 of the Indian Succession Act, 1925, read with Order XXV Rule 6 of the Original Side Rules, seeking a Succession Certificate for 200 shares of Neuland Laboratories Limited (Folio No.0006605) valued at Rs.16,15,660.
- Deceased T. Prasannan died intestate on 09.10.2014 in Tiruchirappalli; no will was found.
- Respondents executed an affidavit‑cum‑declaration (NOC) on 12.07.2023 relinquishing any claim over the securities; consent affidavits were also filed.
- Documents produced included death certificate, legal heirship certificate, Forms ISR‑4 and ISR‑2, multiple affidavits, a letter from M/s Kfin Technologies Limited, cheque copy, and a newspaper publication dated 06.11.2025.
- No rival claim or pending probate proceeding was identified.
Final Outcome
- The Court held that there is no legal impediment under Section 370 of the Indian Succession Act and allowed the petition.
- A Succession Certificate is issued in favour of Kamal Prasanna, authorising him to collect the 200 Neuland Laboratories shares, receive accrued interest, dividends, and other accretions, and to negotiate and transfer the securities.
- The order is pronounced without any costs.
Topics: Succession Certificate, Securities Transfer