An Affidavit for FDR (Fixed Deposit Receipt) Release in Motor Accident Claims Tribunal (MACT) cases is a vital legal document used in the context of motor accident compensation claims. When individuals or their legal representatives have filed claims with the MACT and provided FDRs as security, this affidavit is essential to request the release of these fixed deposit receipts.
The affidavit for FDR release typically includes the following key elements:
- Identification: The document identifies the claimant, including their full name, contact details, and the details of the case being pursued in the MACT.
- FDR Information: It provides specific details about the FDRs in question, including the issuing bank, the FDR numbers, and the respective amounts and maturity dates.
- Request for Release: The affidavit formally requests the MACT to release the FDRs in accordance with the tribunal’s directives and in favor of the claimant or their legal representative.
- Statement of Compliance: The affiant, often the claimant or their legal representative, confirms their willingness to comply with all legal requirements and obligations regarding the released FDRs.
- Notarization: To authenticate the affidavit, it is usually notarized, with the notary public verifying the signature’s authenticity.
The Affidavit for FDR Release MACT is a critical part of the motor accident compensation process. It demonstrates the claimant’s intent to receive the FDR funds as part of the settlement or compensation for their claim. This affidavit helps ensure transparency and adherence to legal procedures, safeguarding the rights and interests of individuals involved in motor accident cases.