Judgment Reserved!
At last it is 'curtains at intermission' in
the drama of court proceedings which LI C pensioners were witnessing for nearly
a year now. On the last day of the arguments I.e today our Sr counsel Shri.
Rakesh Khanna dealt with in detail on expense ratio, bonus to policy holders,
dividends to govt etc amidst occasional interventions by LIC's sr counsel. Shri
Nidesh Gupta continued with his points on surplus, life fund etc .The court
thereafter reserved orders giving in the meantime ten day's time for those
wanting to make written submissions.
So far as our fedn is concerned we have
already submitted copious points to our counsels for incorporation in written
arguments. Preparation of the relevant materials called for considerable labour
on our part and I take this opportunity of thanking our legal committee members
viz. M/s R Rajagopalan , VK jain , Basudeb das and M Arunachalam who had
contributed immensely in giving shape to points for written submissions. Our
counsel has assured that our w/s will be submitted at earliest without waiting
for ten days.
The end of arguments marks an important stage
providing great relief from anxiety and tension for leaders and pensioners
alike. Every one of the parties played their part well though unwarranted
comments and criticism of others from certain odd quarters continued throughout
the agonizing period. We rightly decided to refrain from acrimonies. After
all we would not like to compete with loud mouthed demagogy of others.
Let me conclude saying that the feedback we
have from our counsels make us feel optimistic about the outcome of our
pioneering efforts. Let us therefore wait for a little more time
With greetings.
GNSridharan
Gen.Secy Fedn of Retd. LIC class1 officers' Assns
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