The Appeals were taken up today. Representing LIC Sr Counsel Mr Abishek Singhvi pointed that LIC had passed resolution for one-time settlement in DR matter for those who retired pre-Aug 1997 but the other issue of upgradation on the basis of successive wage revision will involve 9700 crores.
There was reference to the 1981 amendment of LIC Act. Mr Asthana's counsel referred to the Judgement of Jaipur, stating that Govt approval is not necessary.
Our Sr Counsel Mr Shriram Panchu pointed out that, approval or no approval, the issue is clearly discriminatory.
At this point of time, Addl Solicitor General entered the Court and informed the Bench that Govt itself has filed Appeal against the judgement of Jaipur HC.
Thereafter the Bench ordered clubbing of the Govt Appeal, and posted the matter for further hearing on 8th April 2015.
Gen Secy, Fedn of Retd LIC Class I Officers' Assns