The dust raised by those in the Rally as well as a few freelance spectators chasing from behind, will settle down sooner than later. What next?
I wish to share my thoughts on how things may move, on and after 23 Sept 2015.
Filing of a Rejoinder being optional, whether filed or not, arguments on SLPs can commence on that day if the Counsel concerned and the Bench agree. In all probability, the Bench may prefer to hear arguments on SLPs, and CAs together, followed by arguments from the Respondents. One doesn’t know whether arguments of both sides on UoI’s SLPs would be heard separately. Court takes the final call.
As far as Chandigarh Petitioners are concerned, the exact amount demanded (being 20% of the amount payable under the impugned Judgement) is already before the Supreme Court in our IA No 6 of 2015, on which the stern Order was passed against LIC on 7 Sept 2015. Again in respect of Chandigarh Petitioners, LIC is in a fix because its application for withdrawal of 20% from the money deposited in the HC, was dismissed on 28 July. I do not expect LIC to make a fresh application because it has no supporting Order from the Supreme Court. Whether LIC would pay without withdrawing, has to be seen because, 7 Sept Order mandates payment. I think LIC would make some payment on some basis of its own and make a mess of a compliance Report. AND INVITE TROUBLE from the Bench.
I may conclude my submission that if we succeed in securing a direction from the Bench for payment of 20% including up-gradation component, we can plan celebrations for final victory because
Our Pension up-gradation is a WRITING ON THE WALL