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Today in Delhi HC

In Delhi HC today We are informed that that the case reached for hearing only around just before lunch break. In the afternoon session the Addl. solicitor Gen. representing UOI spoke on the affidavit of LIC after which LIC counsel spoke.  The court directed LIC to file an addl. affidavit and adjourned the matter to  14/2/2017 . The likelihood of day-to-day hearing remains to be confirmed.  GN Sridharan

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LIC files affidavit in Delhi HC

We have just received information from our Counsel that LIC had since filed the Affidavit dt 17th inst as per order of Delhi HC on 6th instant.  It looks that LIC had put forth the very same grounds as earlier such as valuation requirement, surplus to policyholders, expense ratio etc.  We will study the copy shortly for our Reply Affidavit. GN Sridharan Gen Secy Fed of Retired LIC Class I Officers Assns