Sunday, February 19, 2017
Saturday, February 18, 2017
Friday, February 17, 2017
LIMITATION ON LIC’s MANAGEMENT EXPENSES
APPEAL FOR INFORMATION WITHDRAWN
As we could obtain the required clarification on the above topic, I now withdraw the Appeal formally. Hyderabad Association wishes to thank all those who called me, all those who provided contacts and introduced their friends and all those who exchanged emails with me on the subject.
WE ARE NOW ON THE JOB OF PREPARING OUR SUBMISSIONS TO THE COURT WITH CLINCHING DATA ON THE SUBJECT ON MONDAY THE 20 FEB 2017 OUR BIG THANKS TO THE BLOG FOR THE WONDERFUL SUPPORT EXTENDED IN THIS CONNECTION
Today's proceedings are reported to have gone very well for the Pensioners. A welcome highlight is that Justice Khanna is reported to have observed and advised LIC's Sr Counsel 'what better Corporate Social Responsibility (CSR) can be there, than paying to your own Pensioners?'
I am informed that the arguments submitted by the Sr Counsel for AIIPA were well received by the Bench.
Another highlight is that Mr Ashish Tiwari, Advocate representing the Hyderabad Association (who was only watching the proceedings) had an opportunity to correct a contention of LIC on declining business income, as they put it and took to Court's Notice how, LIC's Investment income has been steadily increasing, by referring to the relevant page of LIC's Annual Report.
This report is not first hand as I am not in the Court. But it is as informed over phone by two different Advocates Ms Renuka of the Chandigarh Petitioners and Mr Ashish Tiwari representing Hyderabad.
Thanks and regards,
M Sreenivasa Murty
Thursday, February 16, 2017
Wednesday, February 15, 2017
Just now i got below mentioned telephonic information from Sh Murty
Court rose for the day.
Sh Nidhesh Gupta senior counsel today argued on behalf of Hyderabad Association touching financial aspects . He will continue the same once again on 17th as he is not available tomorrow.
AIIPA counsel to put forward his arguments tomorrow afternoon.
B R Mehta