It has been reported that the Supreme Court in today's hearing has ordered posting of the CAs to be heard on 23/9/2015.
It is also reported that that the Apex court has ordered an interim payment of 20% of arrears due to the petitioners within 6 weeks. Mr G N Sridharan has reported that the SC has ordered interim payment to all pensioners. But the context of his remarks seems to indicate interim payment only to all pre-August 1997 retirees. So there is some lack of clarity on the exact directions of the SC except to the extent of adjournment of hearing on 23/9/2015.
The exact details will be known once the written order of the Supreme Court on 7/5/2025 is released. Let us hope for the order to be released within the next few days when we will know what is in store for pensioners.
But in all these developments, the saving grace is that the hearing on 7/5/2015 did not get bogged down with the issue of maintainability of the SLPs of LIC.Let us all look forward to some concrete information of positive nature .
With greetings,