[21/02 18:25]
This is last report before judgement is delivered as the hearing of our case concluded today. 10 days given for submitting written arguments.
Our case today came up for hearing and Mr. R. Khanna stood up. He spoke not much long as stated by him yesterday. He mainly supported NG arguments and in addition talked on some financial aspects relating to LIC expenses of management, Investment income, some ratios. He was many time interrupted by LIC counsel and bench also sought certain clarifications.
ASG on behalf of LIC submitted that LIC Accounts were well audited and submitted to Regulator. The Accounts of LIC are well prepared and all data given in affidavit are from Annual Accounts. On question by Bench about minimum pension being paid to pensioners and details about how the figures are arrived of estimated cost of updation and arrears to pensioners as well 83.4% of expense limit he requested to give them some time they would submit in written arguments. He was also questioned about corporate responsibility.
This is last report before judgement is delivered as the hearing of our case concluded today. 10 days given for submitting written arguments.
Our case today came up for hearing and Mr. R. Khanna stood up. He spoke not much long as stated by him yesterday. He mainly supported NG arguments and in addition talked on some financial aspects relating to LIC expenses of management, Investment income, some ratios. He was many time interrupted by LIC counsel and bench also sought certain clarifications.
ASG on behalf of LIC submitted that LIC Accounts were well audited and submitted to Regulator. The Accounts of LIC are well prepared and all data given in affidavit are from Annual Accounts. On question by Bench about minimum pension being paid to pensioners and details about how the figures are arrived of estimated cost of updation and arrears to pensioners as well 83.4% of expense limit he requested to give them some time they would submit in written arguments. He was also questioned about corporate responsibility.
Pramod Bhatnagar:
OB Bhopal
.
B.ANGURAJAN
B.ANGURAJAN
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