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Judgement Reserved.!

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...

TODAY AT DELHI HC CAUSE LIST.

Today at Delhi HC ..Further Information from GNS

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...