Basudeb Das Our Colleague pensioner writes to us: While allowing a Writ Petition filed by Mrs. A. Muthuiruvakkal of Nagercoil in Kanyakumari district the Madras High Court Madurai Bench of Justice K. Ravichandrabaabu held that a Savings Bank Account maintained primarily for the purpose of depositing... Read more at: http://www.livelaw.in/banks-cannot-attach-pension-account-to-recover-loan-dues-madras-hc-2/
Smt.A M is an SBI pensioner .She owed the bank a sum of about Rs.2 Lakhs in respect of a loan availed from the bank for some other purpose.For recovering the said outstanding dues the bank attached her savings bank a/c primarily meant for crediting her monthly pensions. After blocking her account they also recovered an instalment of about Rs 14000/ The said pensioner challenged the bank's action by filing a writ in the Madurai Bench of Madras HC. While allowing the writ recently Justice K Ravichandrababu held that an a/c primarily meant for receiving pension cannot be attached .In his judgement the judge observed "if there is any outstanding dues payable by the petitioner it is for the bank to work out its remedy in the manner known to and permissible by law before the appropriate forum. without doing so, resorting to attach the pension is impermissible." The judge set aside the order and directed the bank to permit the petitioner to operate the account wi
AS 24TH JULY IS FAST APPROACHING, PENSIONERS ARE EXPLORING ALL POSSIBLE OPTIONS TO ATTRACT HIS ATTENTION, I MEAN LORD NARASIMHA TO BLESS THEM. HERE IS ONE MADHAVA ROCK BAND SINGING NAMAAS TO NARASIMHAYYA.