Order 39 R 1 and 2. Dipute over FD between spouses..Help me
This is a civil as well as family court matter.
Dispute between Husband(me) and Wife going on (Wife filed for divorce).
Step 1: My lawyer has applied for 'restriction to liquidate FD/Fixed Deposits' as per Order 39, in Oct-2009 in regards to many things which include following...
Total of Five Fixed Deposits between me and my wife as a joint FD with 'either or survivor'.
One of the FD got matured in last few month months(July-2010)
Remaining four to get matured in 2011.
Step 2: Wife's lawyer gave the response within time (Nov-2009) and refuted my claim with folowing reasons:
All FDs are as 'Either of Survivor'. My wife possesses all 'original certs' (she took it away from my cupboard while walking out.)
This Matter of Order 39 is still pending and even not gone further even inch, because there were many applications filed by wife after that.
Now wife encashed one FD in the last week which got matured.
Her lawyer said 'it is allowed to encash and spend that money because there was no restraining order as of today'
Her lawyer also said 'Liquidation of FD' and 'encashing of FD' after maturity are two different issues.
Her lawyer also said that 'Wife didn't liquidate it but encashed it after maturity.'
Because wife has the 'original certs', any banks or even court can not stop her from encashing it for her urgent needs, irrespective of who contributed into FD's principle. The reason is that 'either or survivor' definition allows the bearer of the instrument to encash it. Restraining was anyways immpossible on such!!
Please suggest remedy!!!!! OR Please suggest remedy for remaining four FDs atleast!!!!!
Have I lost that encashed FD principle for ever? I have contributed by around 70% in all FD's.
We had joint saving account.
We deposited our cheques in that.
We then made FDs by attaching withdrawl slip to FD account forms in that bank (SBI). SBI declined my letter to stop such payment and said the same thing as above!!!
Please Help me for my problems!!!!