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Friday, March 25, 2016

20% versus 100%. (Attention: Shri KML and Shri CHM)‏


Enough number of discussions have been held regarding this issue. I am trying to enlist the necessary steps here:

The 100% amount has to be first ascertained correctly in order to calculate what the correct 20% is. Hence, the 100% amount has to be calculated immediately for the Jaipur petitioners (taking into account both the writ petitions), although the final verdict has not been passed yet.

Then we can challenge LIC on 30 March 2016, following our method of calculation.

In that case, the court may order LIC to pay the correct amount to the petitioners right now.

If and when the final verdict goes in our favour, LIC will not be able to get away with faulty calculations.

Otherwise, if the 20% amount is not correctly calculated at this point, then, even if we win the case finally, LIC will simply multiply the incorrect 20% by 5 and render the judgment partially a farce.

Regards,

Sunil Mitra (2000 pensioner)