Authority: High Court of Judicature at Madras
Order Date: 29-09-2026
Case Overview
- Petitioners: S. Sekar and S. Balasubramanian, sons of the deceased Late A. Sangili, residing at Avaniyapuram, Madurai.
- Deceased: Late A. Sangili died intestate on 11‑09‑2004; his wife predeceased him on 09‑08‑1999 and his parents also predeceased him.
- Petition filed under Section 372 of the Indian Succession Act, 1925, seeking a succession certificate for 528 shares of M/s L.G. Balakrishnan & Bros Limited held in the IEPF and the company’s unclaimed suspense account, valued at Rs 7,09,737.
- Share history: In 2010 the company consolidated 1,320 shares into 132 shares; bonus issues in 2014 and 2018 (1:1) increased them to 264 shares. The same number of 264 shares remained in the company’s unclaimed suspense account, totaling 528 shares.
- The shares and related dividends were transferred to the IEPF Authorities; the consolidated share certificates were returned to the company and placed in the unclaimed suspense account.
- General publication was made in the Tamil daily “Makkal Kural” on 26‑05‑2026; no objections were received.
- The second petitioner filed a consent affidavit expressing no objection to the certificate being issued to the first petitioner.
- Documentary evidence included Aadhaar cards, share certificates (Nos. 00003646 and 00008705), death certificate, legal heirship certificate, a letter dated 04‑08‑2025 from Cameo Corporate Services Limited, and the newspaper publication.
Final Outcome
- The Court allowed the petition and ordered that a Succession Certificate be issued in favour of the first petitioner, Mr. S. Sekar, for the 528 shares valued at Rs 7,09,737, together with any accrued dividends or other accretions.
- The certificate authorises the petitioner to collect the assets and give valid discharge thereof.
- No costs were awarded.
Topics: Succession Certificate, Unclaimed Share Assets