* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN THE CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE THE MUSIC IS RISING IN CRESCENDO !

               
                                   

Saturday, April 13, 2013




In his rejoinder to reply filed by LIC of India, Shri KML Asthana affirms: " ... in their (LIC) view the Central Government is over and above the Courts and this act amounts to contempt of this Hon’ble Court as well as the High Court and in one manner denial of their existence.  What matters to them is the Central Government and the verdict of the Court has no meaning.

IS THE CENTRAL GOVT. A PARTY TO
DISPUTE?  WHERE'S THE CENTRAL
GOVT. COUNSEL ?
" It is submitted that the question of Sections 21 and 48 has been duly concerned.  Section 21 deals with matters of POLICY INVOLVING PUBLIC INTEREST. This has no relevance to the present case since it is not a matter concerning Policy involving public interest.  It is worth submitting that the Petitioner (LIC) is itself violating the National Litigation Policy which is a matter of public interest, similarly, it is misusing the policyholders’ money in an indiscriminate manner of which they are the trustees, no directions in this regard have been obtained from the Central Government.

"It is further submitted that the matter of revision of pensions is not at all concerned with Section 48 rather it is already provided in Rule 55 of the Pension Rules and the Chairman has always been revising the pensions in exercise of his powers under Rule 55 of the Pension Rules.  In this connection a copy of the Circular issued by the Chairman in exercise of his powers as vested in Rule 55 of the Pension Rules is submitted for the kind perusal of this Hon’ble Court.

"Besides, a perusal of the Sections 48 and 49 of the LIC Act would reveal that there is no prohibition on revision of pensions. Therefore the whole contention of the Respondents is false and frivolous.... " 

( EXCERPTS FROM THE REJOINDER FILED BY SHRI ASTHANA TO LIC'S  REPLY IN SUPREME COURT.)