https://www.taxtmi.com/caselaws?id=413846 A bank must honour a fixed deposit standing in the named depositor's account and repay the maturity proceeds to that depositor on maturity. Any private arrangement that a third party supplied the funds does not alter the bank's contractual duty, and the bank cannot refuse payment or credit interest to a stranger without the depositor's instructions. The writ petition was maintainable because the relevant facts were admitted and no detailed trial was required. Any separate monetary claim by the third party had to be pursued independently and could not justify withholding payment to the depositor. en-us Mon, 27 Sep 2021 00:00:00 +0530 Fri, 22 Oct 2021 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413846 A bank must honour a fixed deposit standing in the named depositor's account and repay the maturity proceeds to that depositor on maturity. Any private arrangement that a third party supplied the funds does not alter the bank's contractual duty, and the bank cannot refuse payment or credit interest to a stranger without the depositor's instructions. The writ petition was maintainable because the relevant facts were admitted and no detailed trial was required. Any separate monetary claim by the third party had to be pursued independently and could not justify withholding payment to the depositor. Case-Laws Benami Property Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413846