Interpretation of
the SC order dt 7/5/2015
As an ad-interim measure, it is directed that the petitioner-Corporation shall release 20% of the amount as per the impugned judgments pertaining to the High Court, in favour of the respondent-employees within six weeks hence, subject to final result in the appeals.
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In case, where the amount has not been deposited, needless to emphasize, the Corporation shall pay and question of any kind of withdrawal from court does not arise
- This means that payment has to be made by LIC as per all the three HC judgments. While the payment for Chandigarh petitioners will also be required to be made on the lines of that for Jaipur petitioners, the payment in case of Delhi HC judgment( for pre-August 1997 retirees) will be made to all eligible pre-August Class 1997 retirees.
- But there is a possibility that in respect of Delhi HC judgment,LIC will again play the same game as done in respect of the other two HC judgments –of course with a larger number of ‘beneficiaries’. We have to see whether the Federation will be content with pre-August 1997 retired Class I officers accepting the interim payment of an inadequate and deliberately erroneous amount when offered by LIC.
- As a result of the SC order, post-July 1997 retirees are left high and dry.
With greetings,