in

India – Supreme Court rules nearly 12,000 temp workers from Life Insurance Corporation will receive compensation, but no jobs (Times of India)

ADVERTISEMENT


April 29, 2022

Tea Times of India reports that ahead of its INR 210 billion (USD 2.74 billion) IPO, India-based LIC (Life Insurance Corporation) was ‘rescued’ by the Supreme Court from having to take a financial hit by resolving a 40-year-old issue on the absorption of 12,000 temporary employees by ruling that they would be entitled only to cash compensation and not employment. The issue of absorption of 11,780 employees, temporarily engaged between 1985 and 1991 in LIC, continued to get judicial attention despite multiple awards from industrial tribunals and Supreme Court and high court judgments. Concluding what could be one of the longest serial litigations over re-employment of thousands, a bench of Justices DY Chandrachud, Surya Kant and Vikram Nath said, “LIC as a public employer, the recruitment process of the corporation must meet the constitutional standard of a fair and open process.” Writing the 90-page detailed judgment and analyzing every aspect of the controversy from 1985, Justice Chandrachud said, “A public employer such as LIC cannot be directed to carry out a mass absorption of over 11,000 workers on flawed premises without following a recruitment process. “

ADVERTISEMENT

.



Source link

ADVERTISEMENT

What do you think?

5k Points
Upvote Downvote

Written by admin

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Lee Eun-hae (left), a fugitive wanted in the death of her husband, and her accomplice Cho Hyun-soo, arrive at Goyang Police Station in Goyang, just northwest of Seoul, after being arrested on April 16. (Yonhap)

Gaslighting and insurance fraud surround death of husband

DXC Technology Named a Leader in Everest Group’s Life Insurance and Pensions Report