SC Tells LIC To Pay Rs. 2 L Compensation To Man Whose Money It Held Wrongfully For About 5 Years [Read Judgment]

SC Tells LIC To Pay Rs. 2 L Compensation To Man Whose Money It Held Wrongfully For About 5 Years [Read Judgment]: “LIC retained the moneys of the appellant for a period of nearly five years. No effort was made to refund the moneys. In this view of the matter, a deficiency of service was clearly established.”