“The Department of Finance has three weeks to file the counter affidavit (response),” the bench said.
The bench heard a PIL filed by Sucheta Dalal, journalist.
He had previously issued opinions to the two union ministries, market regulator SEBI and the RBI.
The PIL has sought instructions from the Center and others to ensure that unclaimed deposits from the public that are transferred to government-owned funds are returned to the legal heirs of the depositors. He said a mechanism should be developed to notify legal heirs of unclaimed deposits in dormant bank accounts.