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  • Thursday, 1 March 2012

    LIC PENSIONERS CASE IN SUPREME COURT NEW DEVELOPMENTS

    ·       SUPREME COURT CCP NO. 82-83/2012 IS POSTPONED AND POSTED TO 19 MAR 2012.

    ·      RAJASTHAN HIGH COURT CONTEMPT PETITION IS POSTED TO 27 MAR 2012.

    ·      SUPREME COURT SPECIAL LEAVE PETITION DATE REMAINS AS 16 MAR 2012.

    Contempt Petition in Supreme Court

    SUPREME COURT will take up Contempt Petition today.  We will wait to see what transpires in the Court.



    A version of the earlier Supreme Court proceedings is as given below:-

     

    Sri Salve requested the Bench to see that Union of India advises LIC to implement the orders.


    The Bench asked Sri Salve the exact amount.


    Sri Salve mentioned that the figure is not readily available.


    The Bench then asked him the amount stated in LIC Board Resolution.


    When Sri Salve replied it was around Rs 52 crores, Bench immediately ordered Sri Salve to ensure LIC deposits that amount within 3 weeks from today in Jaipur HC.


    SC Bench then told the parties that SLP will be pursued after expiry of that period.




    As per this version, Supreme Court has asked LIC to deposit a minimum of Rs.52 crores in the Court whereas LIC has deposited only Rs.4.35 lakhs.

    The order finally passed by the Bench, however, did  not specify the exact amount to be deposited.  It merely notes that the “amount due to the employees” should be deposited.

    It is hoped we will get some clarity in this matter.


    Feb 29, 2012

    SUPREME COURT DEVELOPMENTS