Delhi HC Directs Trial Court to Release Rs. 25 Lakh FDR to Petitioner Citing Absence of Fresh LOC

The Delhi High Court directed a trial court to release a Fixed Deposit Receipt (FDR) of Rs. 25 lakh to the petitioner due to the absence of a fresh Letter of Credit (LOC). The Court ruled that the petitioner was entitled to the release of the funds, as the necessary documentation for the LOC had not been provided. This ruling underscores the need for proper documentation in financial transactions and supports the petitioner’s right to access their funds.