THE SUBMISSIONS BY BOTH SIDES ARE OVER. LIC COUNSEL WANTED 2 WEEKS TIME FOR SUBMITTING THE REPLY TO THE TWO APPLICATIONS.
AFTER HEARING BOTH THE COUNSELS, SC BENCH ORDERED LIC COUNSEL THAT LIC (CONTEMNORS) MUST FILE AN AFFIDAVIT IN RAJASTHAN HC WITHIN 14 DAYS STATING(1) THE AMOUNT DEPOSITED SO FAR
(2) FOR WHAT PURPOSE THE AMOUNT WAS REMITTED
(3) AMOUNT REMITTED TOWARDS PENSION REVISION
(4) AND IF NO AMOUNT WAS REMITTED TOWARDS PENSION REVISION, THE REASONS THEREFOR.
AS TO SPECIFIC QUERY FROM SC BENCH, LIC COUNSEL REPLIED THAT NO AMOUNT IS REMITTED TOWARDS PENSION REVISION SO FAR.
THIS IS SURELY A STEP FORWARD AS FOR THE FIRST TIME SC BENCH, APART FROM THEIR CLEAR CLARIFACTORY ORDER DT. 17/10/2012 FOR SETTLEMENT OF RETIRAL BENEFITS FROM DATE OF ELIGIBILITY, SHARPLY FOCUSSED ON PENSION REVISION.
THIS IS SURELY A STEP FORWARD AS FOR THE FIRST TIME SC BENCH, APART FROM THEIR CLEAR CLARIFACTORY ORDER DT. 17/10/2012 FOR SETTLEMENT OF RETIRAL BENEFITS FROM DATE OF ELIGIBILITY, SHARPLY FOCUSSED ON PENSION REVISION.
Details awaited.