Nominee has to be treated as a trustee and he is entitled to receive the amount only and he has to pay the amount to the persons who are entitled under law of succession

Madras High Court

Dr.Vidyaa Hari Iyer vs M/S.Sundaram Finance Limited on 26 December, 2019

                                                                        A.No.2468 of 2020 in O.P.953 of 2018