Supreme Court of India

Radhey Shyam Gupta v Punjab National Bank

(2009) 1 SCC 376; AIR 2009 SC 93020081 min read
The case in brief30-second read
Facts
Amounts received by the appellant as pension and gratuity had been kept in fixed deposits with the respondent bank, and they were sought to be attached.
Issue
Whether pension and gratuity lose their exemption from attachment under S.60(1)(g) CPC once they are deposited in a bank as fixed deposits.
Held
The amounts did not lose their character as pension and gratuity merely because they were deposited in fixed deposits. They remained exempt from attachment under S.60(1)(g).
Principle
Pension and gratuity remain exempt from attachment under S.60(1)(g) even after being converted into fixed deposits.
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Facts

  • Amounts received by the appellant as pension and gratuity had been kept in fixed deposits with the respondent bank, and they were sought to be attached.

Issue

  1. Whether pension and gratuity lose their exemption from attachment under S.60(1)(g) CPC once they are deposited in a bank as fixed deposits.

Held

  • The amounts did not lose their character as pension and gratuity merely because they were deposited in fixed deposits. They remained exempt from attachment under S.60(1)(g).

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Citation

Radhey Shyam Gupta v Punjab National Bank (2009) 1 SCC 376; AIR 2009 SC 930

Reported: https://indiankanoon.org/doc/1790038/. This is an educational summary, not the judgment itself. Cite the reported version in professional or academic work.