* 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 !

               
                                   

Thursday, July 23, 2015

KML ASTHANA WRITES


" ... The application of LIC was for withdrawal of 20% of the amount deposited.  What was there in this for us to oppose? Let them withdraw. But withdrawal does not mean payment of the same. 

SC order has so far not been appreciated in its correct perspective.  It does not stay that 20% of the amount deposited be only paid.  

It says 20% of the amount which has become due till now, the  date of the order, withdrawal of 20% is only a latitude given but it has not been made a rider. By this opposition our persons have aided LIC to come to SC saying that since 20% has not been allowed to be withdrawn they could not make payment. 

The order of the SC has also to be read with "continuum", which will make the position clear.But when we do not want to appreciate the correct perspective or out to somehow hinder the smooth progress, God only can bless them.

Only the matter of payment of the amount should have been pursued instead of wrongly interpreting the order dated 7/5/2015. by which the SC has admitted the claim of the pensioners."

KRISHNA MURARI LAL ASTHANA