* 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 !

               
                                   

Tuesday, June 10, 2014

                                                                       Seen in pic. (bottom) 1.V.Krishnan 2.CH Mahadevan 3.Srinivasa                                                                               Murty 4.PS to Min. 5. CS Murty and Hon. Minister Smt.Nirmala 
step by step, we'll for sure achieve the coveted goal !
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Having waited for long, the Pensioners were constrained to take their grievances to 
different Courts of Law all over the Country. Three High Courts, viz., HC of Rajasthan 
(Jaipur Bench), HC of Delhi and the HC of Punjab & Haryana (at Chandigarh), 
categorically decided the Writ Petitions in favour of the Pensioners in the year 2010, 2012 
and 2013. LIC routinely filed SLPs in Supreme Court along with the ‘stay’ petitions 
against each of the HC Order.

While granting Leave to file the ppeal and after hearing the appellant’s counsel the 
Hon’ble Supreme Court on 30.09.2013 ordered that “THERE SHALL BE NO STAY 
OF THE DIRECTIONS GIVEN BY THE LEARNED SINGLE JUDGE VIDE ORDER 
DATED 12.1.2010 PASSED IN SB C WP No. 6676 of 1998 AND CONNECTED MATTER.”

Similar Orders (rejecting LIC’s prayers to grant ‘stay’ of the Delhi and Chandigarh 
HC Judgements) were also passed by the Supreme Court.

Thus all the three High Courts’ Orders are now binding on LIC of India. Copies/
extracts of the relevant Orders are annexed to this Memorandum for ease of reference.

However, instead of honouring the categorical directions of the higher courts of law 
including the Supreme Court of India, LIC has chosen not to implement the three High 
Court Orders and is consequently facing contempt proceedings before the High Courts. 
That this is happening in the country’s biggest public sector Corporation and the 
greatest financial institution, is unfortunate.

In the above factual background we wish to make the following submissions:

1. We represent a responsible section of the society having toiled for over four decades 

to build a mighty financial organization viz., LIC.
2. We are all now in the evening of our lives and obituary notices are now a weekly affair.
3. Our demand is for the implementation of LIC’s own decision vide its Board Resolution 

dated 24.11.2001, in letter and spirit, for payment of fair pension, by setting right the 
serious anomalies
4. Our claims are backed by at least three High Courts while the Supreme Court of India 

categorically declined to stay the HC Orders.
5. We are not adversaries of the Corporation but are an integral part of it as internal 

customers.
6. What is happening against us now is in flagrant violation of the Government’s declared 

policy concerning the country’s Senior Citizens as well as its National Litigation Policy.
7. We feel the matter can be resolved by intervention of the Ministry of Finance instead 

of LIC perpetuating the vexatious litigation, spending policyholders’ money, valuable 
time and other resources.
8. We will be happy to assist LIC and the Government to hammer out a solution and 

end the stalemate, via a broad-based committee representing all categories of Pensioners.
9. Along with the rest of the country, we, the senior citizens, have high hopes on the new 

Government at the Centre (in which you are an important participant) to be treated with 
respect and dignity, in a just and equitable manner. Ours is a typical case where delayed 
justice is perennially denied, not because of any reason attributable to our legal system 
(which generally is the case) but due to the apathy and insensitivity of the erstwhile 
government and its supporting functionaries.
10. We therefore now approach you Madam, with this Memorandum, with a humble 

request to look into and resolve our long standing grievance with the urgency it deserves 
and enable the LIC Pensioner community and their families throughout the country to 
live in peace for the remainder of their diminishing life span.

Sreenivasa Murty, Mulukutla
Convenor, Representative Committee of LIC Pensioners’ Associations,
106, Hill County, Nizampet Road, HYDERABAD 500090 (A.P)
June 7, 2014 +919177737356