Post lunch started with our counsel standing and discussed the details of Nakras case and how it has a bearing on our case. Then mathematics of 17D which LIC has conveniently ducked in its affidavit and exposed by Nidhesh. Jus Khanna even expressed why this does not find place despite fresh affidavit submitted. NG by calculations showed there will be hardly any dent on LIC's exchequer set aside from meeting the statutory permissible benchmark percentage of expenses.
In short NGs stress was on Nakras case as it is not diluted in our context and applies to our case in toto. Our advocate quoted extensively from page 80 of our WP and the calculations given by Agnihotri ji under 17 D was very handy and NG could make out our case very effectively on its basis.
Court continues tomorrow and day after post lunch
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Wednesday, 15 February 2017
Today in DHC
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