18 Dec 15, 07:24 AM
JM Aboobucker: Our demand is 100% DR as was given to retirees from 1.8.1997. So LIC may contend that they have calculated the arrears by granting the 100% DR to the pre 8/97 retirees. Thus they have implemented the PH HC orders and there is no contempt of court, according to LIC.
In this connection we have to remember that Courts would go into the aspects of law and rules and decide if there is any violation by LIC rather than going into the nuances of the arithmetical calculations involved in the dispute as expressed by the SC. Under the circumstances what could be the solution for this problem?