Mact case

Querist : Anonymous (Querist) 25 November 2011 This query is : Resolved
i met with an accident 12 years ago and recently got the claim passed.
but it is in the ratio of 70.30% as F.D. and usable money. out of that i had to give 15 to my advocate as his fee. and since i have measure physical injuries and disability i lost my job that was with a corporate co. at a very high position as national chief.
now i wish to start some business of my own for my survival. this ratio , i believe was decided by C.J. of supreme court to protect those who are uneducated and they should not either misuse the money or are not cheated by people.but mine is a different case i am educated and gad a professional career for a long period.and after waiting for 12 long years i still have to wait for six more years.?and by then i would cross 50 years of age.what would i do with that money then, when i will still physically be down. and how would i survive till then. i have struggled a lot for to survive for 12 years. can any exoert helpme and show me some way where i can help myself and live a life doing some business with the money which is mine, without depending on someone. the banks also does not give any loan in this case.
please help. thanks

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Querist : Anonymous (Querist) 25 November 2011
i met with an accident 12 years ago and recently got the claim passed.
but it is in the ratio of 70.30% as F.D. and usable money. out of that i had to give 15 to my advocate as his fee. and since i have measure physical injuries and disability i lost my job that was with a corporate co. at a very high position as national chief.
now i wish to start some business of my own for my survival. this ratio , i believe was decided by C.J. of supreme court to protect those who are uneducated and they should not either misuse the money or are not cheated by people.but mine is a different case i am educated and gad a professional career for a long period.and after waiting for 12 long years i still have to wait for six more years.?and by then i would cross 50 years of age.what would i do with that money then, when i will still physically be down. and how would i survive till then. i have struggled a lot for to survive for 12 years. can any exoert helpme and show me some way where i can help myself and live a life doing some business with the money which is mine, without depending on someone. the banks also does not give any loan in this case.
please help. thanks

Shonee Kapoor (Expert) 25 November 2011
The bank can advance loan against FD.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Raj Kumar Makkad (Expert) 25 November 2011
You can move an application before MACT in the light of given facts and claim to release the amount kept in FDR as the same is your life saving and you need it urgently otherwise there is no use to keep that amount for future. There are various citations in your favour.