Live
- Tillu Square: Sidhu Jonnalagadda’s Film to Stream on Netflix in 5 Languages
- Sharwanand’s ‘Maname’ teaser: A glimpse into a refreshing tale
- Hyderabad: ‘SSMB 29’ pre-production underway; team spotted at airport
- LG raises $800 million bond for R&D & facility investments
- Sandeep Reddy Vanga heaps Praise on ‘Pottel’ Teaser, Compares it to Malayalam Cinema
- Telugu Desam Party Gains Support in Cheepurupalli Constituency as 500 Families Join from YCP"
- Meta AI: New WhatsApp and Instagram AI Chatbot; Availability and Features
- Four of the same family murdered
- Minister Kottu Satyanarayana pledges support for businessmen in Tadepalligudem
- YSR Congress MLA candidate B.S. Maqbool urges voters to support CM Jagan's efforts in education sector
Seeking benefits over and above the VRS a misadventure: Supreme Court
In a very significant judgement pronounced in IFCI Ltd. Vs Sanjay Behari and others case (C.A.No.6995/2019) on September 17, 2019, Supreme Court of held that any Voluntary Retirement Scheme
New Delhi: In a very significant judgement pronounced in IFCI Ltd. Vs Sanjay Behari and others case (C.A.No.6995/2019) on September 17, 2019, Supreme Court of held that any Voluntary Retirement Scheme (VRS) is a package by itself and the employees retired under the scheme cannot claim any benefits beyond what has been envisaged in the VRS.
The Supreme Court was dealing with an appeal filed by IFCI Ltd, a govt. of India undertaking against a judgement of High Court of Delhi Bench. Some of the ex-employees of IFCI, who had opted for retirement under Voluntary Retirement Scheme floated by IFCI Ltd. in the year 2008, had claimed revision of their pension by referring the pay scale revision implemented by IFCI.
Supreme Court rejected the claim principally on the ground that VRS is a package by itself and any subsequent claim cannot be entertained. Earlier VRS-2008 optees had filed a petition in the High Court of Delhi in the year 2016 claiming for revision of Pension.
The learned single judge had dismissed the Petition in February, 2017. VRS-2008 optees then filed Letters Patent Appeal (LPA) in the High Court which was allowed by the High Court bench vide its judgement dated 17/01/2019. Aggrieved by the Order of High Court, IFCI filed Civil Appeal in Supreme Court of India
The judgement could prove to be a landmark as it has discussed various aspects of earlier court judgements, VRS schemes and internal policy documents of IFCI for arriving at conclusion. The judgement has clearly set out legal position pertaining to Voluntary Retirement Schemes.
