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2025 DAILYLAW 8931 (MAD)

Udhan Kumar Chordia and 2 others v. No Respondent

OP/620/2025 · 2026-07-15

A D Maria Clete

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

OP No. 620 of 2025 __________ Page1 of 7 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 15-07-2026 CORAM THE HON'BLE DR.JUSTICE A.D.MARIA CLETE OP No. 620 of 2025 1. Udhan Kumar Chordia and 2 others S/o. Sardarmal Chordia Permanently resides at No.9, 1st Avenue Harington Road, Chetpet, Chennai 600 031. 2. Sumathi Vijay Lunkad D/o. Sardarmal Chordia, No.9,1st Avenue Harington Road, Chetpet, Chennai 600 031. 3. Sunitha Khajanchi D/o. Sardarmal Chordia, No.9, 1st Avenue Harington Road, Chetpet, Chennai 600 031. ..Petitioner(s) Vs No Respondent Nil ..Respondent(s) Prayer: that a succession certificate may be granted to the petitiners with power to collect the securities and to receive the interest and dividends on and negotiate and transfer the securities specified in the schedule hereto. Net amount of Rs.14,53,040/- Suc duty of Rs.25,000/- D.No.43992/25 dated 18.11.2025 For Petitioner(s): M/s.M.Udayakumar https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page2 of 7 ORDER This Original Petition has been filed under Section 372 of the Indian Succession Act, 1925, read with Order XXV Rule 6 of the Original Side Rules, seeking a succession certificate in respect of 1,640 equity shares standing jointly in the names of the petitioners’ parents, Panna Devi Chordia and M. Sardarmal Chordia. 2. Panna Devi Chordia died intestate on 25.05.2021. Her husband, M. Sardarmal Chordia, survived her and thereafter died intestate on 09.06.2021. The petitioners are their son and two daughters. The legal-heir certificates issued in respect of both deceased persons identify the petitioners as their surviving legal heirs. 3. The securities covered by the petition are 1,640 fully paid-up equity shares of the company formerly known as Strides Shasun Limited, now Strides Pharma Science Limited, under Folio No. SAL102585 and Share Certificate No. 100585, bearing distinctive numbers 59756989 to 59758628, both inclusive. The shares stood jointly in the names of Panna Devi Chordia and M. Sardarmal Chordia. Their value, as stated in the schedule to the petition, is Rs.14,53,040/-. 4. The first petitioner was examined as P.W.1. He reiterated the averments in the petition. Exs.P1 to P8 were marked, comprising the death certificates of both deceased persons, their legal-heir certificates, the share certificate, the communication issued by KFin Technologies Limited, the paper publication and the certificate relating to the electronic records. The share certificate and the communication of KFin Technologies Limited were compared with their originals while marking them. https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page3 of 7 5. The communication dated 29.07.2025 issued by KFin Technologies Limited records that the original share certificate for 1,640 shares had been submitted for transmission and requires production of a succession certificate, letters of administration or probate for processing the request. 6. General notice was published in the Tamil daily Makkal Kural on 14.02.2026. No objection was received pursuant to the publication. The learned Master has recorded completion of service and the absence of objections. The requisite succession duty has also been paid. 7. Since the shares were jointly held, upon Panna Devi Chordia’s death, the surviving joint holder, M. Sardarmal Chordia, transmitted the shares in his name. Upon his subsequent death, the beneficial interest in the securities devolved upon his legal heirs. In the present case, the petitioners are admittedly the children and surviving legal heirs of both joint holders. Thus, no competing claim arises on account of the sequence of deaths. 8. The death of both holders, the petitioners’ relationship with them, the existence of the securities and the requirement of a succession certificate have been established by the oral and documentary evidence. There is no material showing the existence of any Will, any rival claimant or any impediment under Section 370 of the Indian Succession Act. The petitioners have therefore established their prima facie entitlement under Section 373 of the Act. 9. Accordingly, this Original Petition is allowed. A succession certificate shall be issued jointly in favour of the three petitioners, in equal shares, in respect of the following securities: https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page4 of 7 1,640 fully paid-up equity shares of Strides Pharma Science Limited, formerly Strides Shasun Limited, under Folio No. SAL102585 and Share Certificate No.100585, bearing distinctive numbers 59756989 to 59758628, together with all dividends, bonus shares, split or consolidated shares, accretions and other benefits, if any, attached thereto. 10. The petitioners are authorised to receive, transmit, dematerialise, negotiate or otherwise deal with the aforesaid securities in accordance with law and the requirements of the company, its Registrar and Transfer Agent and the concerned depository participant and with power to collect the debts and to receive the interest and dividends on and negotiate and for terminal benefits, if any, specified in the Schedule, as applicable till the date of withdrawal, is issued. There shall be no order as to costs. 15-07-2026 Index: Yes/No Speaking/Non-speaking order DPQ https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page5 of 7 Petitioner's witness: P.W.1 – Mr.Udhan Kumar Chordia Documents exhibited by the petitioners: Exhibits Documents Ex.P1 Is the computer generated death certificate of Pannadevi Chordia Ex.P2 Is the computer generated death certificate of M.Sardarmal Chordia Ex.P3 Is the computer generated legal heirship certificate of Panna Devi Chordia Ex.P4 Is the computer generated legal heirship certificate of Sardarmal Chordia. Ex.P5 Is the photocopy of the share certificate issued by Strides Shasun Limited standing in the name of Panna Devi Chordia and Sardarmal Chordia.M (Compared with the original) Ex.P6 Is the photocopy of the letter of correspondence dated 29.07.2025 (compared with the original) Ex.P7 Is the copy of the paper publication effected in one issue of Tamil daily “Makkal Kural” dated 14.02.2026. Ex.P8 Is the certificate under 63 (4) ( C) of BSA for electronic documents 15.07.2026 dpq https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page6 of 7 DR.A.D.MARIA CLETE, J. DPQ OP No. 620 of 2025 15-07-2026 https://www.mhc.tn.gov.in/judis OP No. 620 of 2025 __________ Page7 of 7 https://www.mhc.tn.gov.in/judis