Escheat of unclaimed fund balances to Central Government after statutory claim period; refund possible on valid delay. Unclaimed sums in the Senior Citizens' Welfare Fund escheat to the Central Government where no refund claim is made within the statutory claim period; claimant rights subsist during that period and extinguish thereafter. The Central Government may, upon satisfaction of genuine reasons and on a Committee recommendation, refund escheated amounts to the claimant, and may retain escheated sums within the Fund for Fund purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Escheat of unclaimed fund balances to Central Government after statutory claim period; refund possible on valid delay.
Unclaimed sums in the Senior Citizens' Welfare Fund escheat to the Central Government where no refund claim is made within the statutory claim period; claimant rights subsist during that period and extinguish thereafter. The Central Government may, upon satisfaction of genuine reasons and on a Committee recommendation, refund escheated amounts to the claimant, and may retain escheated sums within the Fund for Fund purposes.
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