Rajesh Tyagi & Ors. vs Jaibir Singh & Ors. on 8 January, 2021
100. A sum of Rs.3,35,323/- along with the interest on this amount is
directed to be released into the MACT Saving Bank Account of the
petitioner Nepal Singh and remaining amount of Rs.10,00,000/- along with
interest on this amount is directed to be kept with UCO Bank,
Karkardooma Courts, Delhi in Motor Accident Claims Annuity Deposit
(MACAD) in the form of 80 monthly FDRs (fixed deposit receipts) to be
prepared in the name of petitioner, payable in equal amounts for a period of
1 to 80 months in succession, as per the scheme formulated by Hon'ble
Delhi High Court vide order dated 07.12.2018 in FAO No. 84/2003, titled
as Rajesh Tyagi & Others v. Jaibir Singh & Others. The amount of
FDRs on maturity would directly be released automatically in petitioner's
MACT Saving Bank Account.