I.A. No. 7894/2014

          This is an application seeking permission to place additional documents on record.

          Heard.

Allowed.  The documents are taken on record.

C.C. No. 108/2007

Vide letter dated 24.03.2012 sent to one Dr. Shantilal R. Mehta, who is stated to be the attorney of the complainant, the Bank of Maharashtra informed him that the higher authorities of the Bank had opined on his proposal that it was necessary to obtain Succession Certificate for settlement of claim in favour of the legal heirs of Late Mr. Jayantilal R. Mehta.  He was accordingly requested to obtain the requisite Succession Certificate at the earliest to enable the Bank to settle the deceased claim as well as to consider his compromise proposal for settlement of dues in R. S. Mehta group accounts.  The Succession Certificate has already been obtained from the High Court of Judicature at Bombay in petition no. 597/2012.  The learned counsel for Bank of Maharashtra admits that the aforesaid Succession Certificate covers the amount, subject matter of this complaint.  He further submits that the Bank is ready to make payment to the complainant in terms of the compromise proposal submitted by the complainant.  The learned counsel for the complainant states on instructions that they are ready to accept the amount mentioned in the said compromise proposal in full and final settlement of their claims.  The learned counsel for the Bank states that Bank will work out the amount payable to the complainants and make payment to them in the light of Succession Certificate, within four weeks from today.

The complaint stands disposed of accordingly by directing that the Bank will work out the amount payable to the complainants and considering the Succession Certificate obtained by the Bank from the High Court of Judicature at Bombay, make payment of the amount found payable to them, within four weeks from today.