https://www.taxtmi.com/caselaws?id=107976 National Savings Certificates issued by postal authorities in a firm's name despite a statutory prohibition were not treated as void to defeat payment, because the irregularity arose from the department's own officers. The complainant remained entitled to the full maturity value. The wrongful issuance and subsequent withholding of payment also constituted deficiency in service, and the postal department was directed to pay interest at the Saving Bank Account rate from the date of maturity until actual payment. The complainant's relief was maintained, with post-maturity interest added. en-us Mon, 11 Jun 2001 00:00:00 +0530 Mon, 18 Feb 2013 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107976 National Savings Certificates issued by postal authorities in a firm's name despite a statutory prohibition were not treated as void to defeat payment, because the irregularity arose from the department's own officers. The complainant remained entitled to the full maturity value. The wrongful issuance and subsequent withholding of payment also constituted deficiency in service, and the postal department was directed to pay interest at the Saving Bank Account rate from the date of maturity until actual payment. The complainant's relief was maintained, with post-maturity interest added. Case-Laws Companies Law Mon, 11 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107976