A JOURNEY TOWARDS TRUTH, PEACE .

Judgement Reserved! At last it is 'curtains at intermission' in the drama of court proceedings which LI C pensioners were witnessing for nearly a year now.  On the last day of the arguments I.e today our Sr counsel Shri. Rakesh Khanna dealt with in detail on expense ratio, bonus to policy holders, dividends to govt etc amidst occasional interventions by LIC's sr counsel.  Shri Nidesh Gupta continued with his points on surplus, life fund etc .The court thereafter reserved orders giving in the meantime ten day's time for those wanting to make written submissions. So far as our fedn is concerned we have already submitted copious points to our counsels for incorporation in written arguments. Preparation  of the relevant materials called for considerable labour on our part and I take this opportunity of thanking our legal committee members viz. M/s R Rajagopalan , VK jain , Basudeb das and M Arunachalam who had contributed immensely in giving shape to poi...

INFORMATION IS  J U D G E M E N T RESERVED/ WAIT FOR GNS  CONFIRMATION.

TODAY AT DELHI HIGH COURT. MAY BE THE CASE IS TAKEN UP POST LUNCH HOPE SO.. Good Luck GNS Sir ! and  Good Luck to all our pensioner colleagues ! I, II, III and IV (present and past too)

Hearing in DHC --20/2/2017 Our case could reach for hearing only around  3 pm  today. According to our reports, Shri Nidesh  G upta,  S r.counsel for other petitioners continued with his arguments and emphasised that there was sufficient margin to revise pensions without violating any statutory constraints on LIC.  The court's attention was also drawn to instances like an ED retired prior to 8/97 drawing less pension than an Asst retiring now.  It was represented on behalf of our Sr  Counsel Shri Rakesh Khanna that he would like to avoid repetition of points made out already and would therefore require only minimum time.  The court then observed that he can argue  tomorrow  (21/2). We also learn that there is a possibility of LIC counsel also might seek to advance a reply argument. In any case it is expected that arguments may end up  tomorrow . We shall ,as usual , get back to our members  tomorr...

NIDHESH GUPTHA HAS JUST CONCLUDED HIS ARGUMENTS. OUR SR.COUNSEL'S  TURN TOMORROW  TO BE FOLLOWED BY  LIC 'S REPLY. G N SRIDHARAN.

DELHI HC. COURT RISES FOR THE DAY. MAY BE..... IT RESUMES TOMORROW ....... PLEASE WAIT FOR OFFICIAL INFORMATION. FROM GNS

DELHI HIGH COURT TODAY.LIVE . CLICK .  http://delhihighcourt.nic.in/his.asp?cno=6 E.D. (ACTL) IS SEEN . IS HE MAKING ANY SUBMISSIONS NEW ? WE REALLY DO NOT KNOW. POSITION NOW: 3.00 P.M. OUR CASE BEING TAKEN  ........ HOPE SO....

WE REGRET TO INFORM THAT COM.R.GOVINDARAJAN , ERSTWHILE OFFICE BEARER, JOINT SECRETARY  OF AIIEA PASSED AWAY LAST EVENING. THE AUTHOR JOINS HUNDREDS OF HIS FRIENDS AND MEMBERS OF AIIEA IN OFFERING OUR HEART FELT CONDOLENCES TO THE BEREAVED FAMILY. MAY HIS SOUL REST IN PEACE.

Proceedings  in DTH on 16/2/2017 We are informed that the counsel for AIIPA advanced his arguments and the court fixed the next date of hearing as  Monday the 20th Feb, 17  Hopefully it will be the concluding day and our Federation's Senior Counsel  will be arguing our case unless UOI  decides making any further submissions. We can reasonably expect that judgement will be reserved on 20th. GN Sridharan Gen.Secy.Fedn of Retd .LIC Class 1 officers' Assns.

THERE ARE REPORTS THAT OUR CASE IS ADJOURNED TO MONDAY CONFIRMATION IS AWAITED.

Today in DHC The hearing of our cases was resumed at   3 PM . It went to up to  4.30 PM . Nidesh Gupta continued his arguments covering (1) cut off dates with a few citations, (2) accounting figures, expense ratio and the sustainability of additional funds within the allowable statutory limits and (3) some points on actuarial calculations, bonus allocation , surplus determination and life fund. The argument went on well except on the (3) which, we believe, could have been kept out of scope. It is unfortunate that the arguments were made to go on a side track. On the (3) above, several questions and disagreements emanated from the Bench.  A simple explanation, specific and confined to, the financial capacity of LIC to meet our pension demands and redressing disparity could have served the purpose. On this, we on our part have given simple and to the point instructions to our counsels. We hope further proceedings will go on smoothly. There were occasions ...

AS PER OUR INFORMATION HEARING IS ON. RESUMED. ARGUMENTS  ARGUMENTS..... ARGUMENTS..... ......

Today’s proceedings in DHC Arguments in our cases commenced today in the afternoon, at about  2.45 PM . We would like to convey that it was indeed consoling that this will be indeed the last lap of hearing. The Court had earlier expressed that certain matters of actuarial calculations be explained. LIC had arranged to bring ED (Actuarial) to be present for today’s hearing. She answered a few queries from the Bench. Shri Nidesh Gupta Senior Counsel for other petitioners argued for close to 1 1?2 hours, and stressed that DS Nakara Case well applies our issues as well.  He cited several case laws to strengthen his argument. As it was closing time, he could continue  tomorrow . His focus among others was that pensioners are in a homogenous class and cited sufficient case laws in support of the same. The matter will therefore be resumed at 2.15  tomorrow . We expect our Senior Counsel to put forth his points. We shall communicate again  tomorrow ....

COURTS ARE  TO RESUME  SHORTLY AFTER LUNCH BREAK. PLEASE STANDBY FOR OUR CASES TO BE TAKEN UP  AFTER CASE NOs. A 22, A 24  & A 33 ARE OVER.

A COMMUNICATION FROM ONE OF OUR READERS . Dear Shri Sury, You must be reading the blogs of  PG Chronicle and Sahni My fear is ... will submit a big thesis to the Court on Valuation Process of LIC,  the Court will ask LIC to reply within a month or so, and another month for petitioners to file a counter, and this will go on for months to come and this is what the LIC wants- a red herring to divert Court attention from the main terms of reference by SC. This is my worst fear.of course, may or may not happen. . Yours, G.Krishna Prasad. THIS COMMUNICATION IS FORWARDED TO SRI G.N.SRIDHARAN FOR HIS COMMENTS. AUTHOR OF THE BLOG.

Our letter dated  9/2/2017  to ED (Per) on the above subject is reproduced below for your information . "Dear sir,  Re Deduction of premium for policy yr.2017-18 out of pension. It was a measure of great relief for the pensioners when it was decided last year that the share of the premium to be borne by pensioners will be deducted in 12 monthly instalments.     By the time the decision was taken some pensioners at different centers had already paid their premiums in lump or some instalments had been recovered for the cover period of 2016-17.It has been brought to our notice that those who had paid the premiums by a lump deduction for the last year will not be eligible to avail the facility/concession of monthly deduction for the ensuing master policy year.you will kindly appreciate that such a stand is not logical and will be against the spirit of the relief measure agreed to already.        We therefore appeal ...

LIC Addl Affidavit: LIC has today filed its addl affidavit. There is nothing new in it and is just 'Old wine in new bottle'. Nevertheless we shall be filing our addl Reply affidavit immediately with not much to add to whatever we had stated already.  GN Sridharan  Gen.Secy.  Fedn of retired LIC Class I Officers' Assns.

G N Sridharan writes: 1: Prospects for 14/2 hearing DHC From the record of proceedings in respect of the last hearing on 25/1/2017, it is noted that the matter will be heard on 'day to day basis' from 14/2. We therefore hope that that the case will be heard on at least two consecutive days and orders reserved at last so that pensioners will be relieved of further tension. Meantime we are advised by our counsel that LIC is expected to file their court mandated addl. affidavit during next week. So far as their earlier affidavit (on which the court had reportedly found fault) is concerned we may inform that we have already filed a suitable reply.  If therefore LIC files an addl. affidavit we shall also file an addl reply. We cannot also rule out the possibility of some of the petitioners seeking time to file their replies. We have to only pray that the hearing schedule does not get upset. 2 . Status on Bank pensioners' case in SC Members will recall that...

$~15 to 23. * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 184/2007 FEDERATION OF RETIRED LIC CLASS I OFFICER .... Petitioner Through Mr. Rakesh Khanna, Sr. Advocate with Mr. Rajiv K. Garg, Mr. Ashish Garg, Mr. Govind Singh & Ms. Kavita Rawat, Advocates. versus UOI & ORS. ..... Respondents Through Ms. Abha Malhotra & Mr. Sanjay Kumar Yadav, Advocates for UOI. Mr. Tushar Mehta, ASG with Mr. Dayan Krishnan, Sr. Advocate with Mr. Ashok Panigrahi, Mr. Surajit Bhaduri & Mr. Santosh Kumar, Advocates for LIC. W.P.(C) 3983/2016 MADAN LAL GANDHI AND ORS. ..... Petitioners Through Mr. Jay Savla, Ms. Renuka Sahu, Mr. Rajpal Singh & Mr. Bharat Aggarwal, Advocates. versus UNION OF INDIA AND ORS. ..... Respondents Through Mr. Tushar Mehta, ASG with Mr. Ripu Daman Bhardwaj, CGSC, Ms. Abha Malhotra & Mr. T.P. Singh, Advocates for UOI. Mr. Tushar Mehta, ASG with Mr. Dayan Krishnan, Sr. Advocate with Mr. Ashok Panigrahi, Mr. Surajit Bhaduri & ...