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Friday, April 01, 2016

MURTY'S CHAT COLUMN COMMENTS


1 Apr 16, 06:57 AM

M Sreenivasa Murty: Hopefully the Order should get uploaded by EOD. As one of our Sr Pensioners said, LIC closed its business for the year yesterday and ours just started. Once the Order is out, we can expect reams of Posts and relentless discussions. Blogs can open special editions.On a serious Note, we need to start working without losing a single day, to realize (for whomever it applies) whatever is ordered, without allowing LIC to go in to 'destroy enemy' mode as it did Post- 7 May Order. Mr C H Mahadevan is traveling South and is expected to return this afternoon, Hyderabad Association has convened an emergency informal General Body Meeting on Saturday 4,00 PM. to take a number of decisions and chalk out a plan of action.We are now formally admitted as a Party in the future proceedings.

I think GNS was right and true ONLY in that part of his Post. The rest of what he wrote is a Joke. I am eager to share some highlights of the impending Order. Justice Misra pulled up LIC in clear terms and expressed surprise how LIC has been treating its Pensioners "who contributed' to its growth. He gave us an opportunity to say before Delhi HC (before the Specially constituted Bench) with a deadline to dispose of the cases. The tricks tried by the new Sr Counsel for LIC (unsuccessfully though,thanks to Mr Nidhesh Gupta's persuasive stubbornness) to deny any relief to Pensioners, were many. One was to limit the 40% relief to Petitioners only. This found tacit support from GNS Team (if not their Counsel). All of us with mainly Nidhesh Gupta and Mr Jay Savla literally shouted 'NO. NO' & Judge was furious. 'How can you limit it to a few? It was agreed after great fighting. It shall be to ALL SIMILARLY PLACED. We succeeded but without paying a price. LIC Counsel succeeded in getting it reduced from 50% to 40%. NK Kaul claimed it costs LIC 300 Crores. NG shouted Your Lordship may please record it. My learned friend is misleading the court. Another trick tried by NK Kaul was 'let those eligible for payment under this Order apply individually to LIC claiming their dues. we examine each case and respond. The suggestion was shot down by the Judge himself even before we objected.