Contempt petition filed in the Supreme Court came up before the Supreme Bench for arguments.Advocate appearing in the Court on behalf of Life Insurance Corporation of India argued that there was no
contempt at all as there was no specific amount arrived at as due to
the pensioners. Since the amount to be deposited is not quantified, it
could not be presumed that there was any contempt of any order of the
Senior Advocate appearing for the petitioners argued that the amount
could be arrived at by LIC as all the data required for calculation was
available with LIC and it was up to LIC to decide the quantum.
Court heard these arguments and adjourned the case.Decision of the Court could be expected any time now.
M B Chandran Menon. M.com.,AIII,DME