chhotey lal vs vijay kumar — 142/2026

Case 142/2026 Summary: Chhotey Lal's application for premature release of Fixed Deposit Receipts (FDRs) was dismissed by the MACT tribunal. The applicant sought early encashment citing funds needed for his son's marriage (already solemnized) and a ₹10 lakh loan taken from relatives. The court rejected the request, finding that the structured disbursement scheme under MACT is designed to ensure long-term financial security, and permitting lump-sum release would defeat this purpose. Additionally, the applicant provided no documentary evidence of expenses or proof that previously released amounts were insufficient. This case analysis is maintained by casestatus.in based on publicly available court records.