gk (Service) 13 March 2021

Bond from a popular nbfc in kerala

Dear Peers,

Pranam!

If the nomination been given for a 5 year BOND (from a popular NBFC in Kerala), whether a legal heir ship certificate is mandatory in case of the actual holder of the BOND is expired. In bank, they are ok with the death certificate and relationship certificate to settle the account even though the nomination has not given in that account BUT why the NBFC is unnecessarily troubling us? If that is the case, what is the purpose of the nomination in this BOND.

Please be advised on this regard about the norms and conditions.

Thaning you,

Regards

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3 Replies

avadhesh Paliwal 13 March 2021

NBFC IS RESPONSIBLE FOR THAT ACTUAL OR LEGAL HEIR OF BOND SHOULD BE NOMINATED AFTER EXPIRED THE NOMINATION. SO PLEASE YOU CAN FILE A CASE AGAINST THE NBFC AND COURT WILL GIVE ORDER TO NBFC FOR RIGHT PERSON....

1 Like

SHIRISH PAWAR, 7738990900 (Advocate) 13 March 2021

Hello,

NBFC should have released the bond amount in the name of the nominee as the nominee is registered with NBFC. Send legal notice and ask for releasing the amount in the name of the nominee.

1 Like

gk (Service) 03 April 2021

Thank you very much for your prompt response Sir, noted the same.

Regards