https://www.taxtmi.com/caselaws?id=288034 A succession certificate under the Indian Succession Act, 1925 is governed by Part X and is not confined by the deceased's religion, but it applies only to debts and securities within Sections 372 and 374. The restriction in Section 370, read with Section 214, shows the certificate is meant to enable recovery of amounts due to the deceased, not to cover property held by the deceased as security. Pledged gold ornaments with banks are movable property given as security and are neither debts nor securities due to the deceased. On that reasoning, a succession certificate cannot be issued in respect of such pledged ornaments. en-us Tue, 16 Mar 2004 00:00:00 +0530 Thu, 14 May 2020 17:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288034 A succession certificate under the Indian Succession Act, 1925 is governed by Part X and is not confined by the deceased's religion, but it applies only to debts and securities within Sections 372 and 374. The restriction in Section 370, read with Section 214, shows the certificate is meant to enable recovery of amounts due to the deceased, not to cover property held by the deceased as security. Pledged gold ornaments with banks are movable property given as security and are neither debts nor securities due to the deceased. On that reasoning, a succession certificate cannot be issued in respect of such pledged ornaments. Case-Laws Indian Laws Tue, 16 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288034