Madras High Court Hears Appeal of Financial Services Executive Against Dismissal of Commission Claim; Terms of LIC of India (Financial Services Executives) Scheme, 2007 Examined. Contractual Nature of Engagement Under Clause 3 and Remuneration Under Clause 17 of the Scheme Are Noted.

High Court: Madras High Court Bench: Principal
  • 4
Judgement Image
Font size:
Print

Case Note & Summary

The case concerns a writ appeal filed by V.S.S. Krishna, appearing in person, who was engaged as a Financial Services Executive under the LIC of India (Financial Services Executives) Scheme, 2007. He was subsequently terminated and claimed that commission due to him for 4626 policies mobilized by him had not been paid, despite the benefits being realized by the respondent Life Insurance Corporation of India. The appellant filed a writ petition, W.P.No.18088 of 2022, which was dismissed by a single Judge on 23.05.2024. Aggrieved by that order, the appellant filed the present intra-court appeal under Clause 15 of the Letters Patent. The appeal came up for hearing before a Division Bench comprising Justice S.M. Subramaniam and Justice K. Rajasekar. The appellant submitted that his engagement as a Financial Services Executive was governed by the scheme, which provided for remuneration as per Clause 17 and which also specified the contractual nature of the engagement under Clause 3 for an initial period of three years. The court noted these submissions and the scheme's provisions regarding selection (Clause 6) and remuneration structure. The judgment text provided does not contain the final decision, reasoning, or operative directions of the court.

Issue of Consideration

W.A.No.2642 of 2024

Subscribe to unlock Issue of Consideration Subscribe Now

Case Details

2025 LawText (MAD) (02) 54

W.A.No.2642 of 2024

2025-02-26

S.M. Subramaniam, K. Rajasekar

Appellant: V.S.S.Krishna (Party-in-Person); Respondents: Mr.Manoj Sreevalsan

V S S Krishna

The Senior Divisional Manager, Salem Divisional Office, LIC of India; The Zonal Manager, Southern Zonal Office, LIC of India

Subscribe to unlock Case Details (Citation, Judge, Date & more) Subscribe Now

Nature of Litigation

Intra-court writ appeal against dismissal of writ petition seeking payment of commission for policies mobilized under LIC Financial Services Executives Scheme.

Remedy Sought

Appellant seeks commission amounts due for 4626 policies mobilized by him.

Filing Reason

Termination and non-payment of commission for policies mobilized while serving as Financial Services Executive.

Previous Decisions

Writ petition W.P.No.18088 of 2022 dismissed by single Judge on 23.05.2024.

Submissions/Arguments

Appellant submitted that he was engaged as Financial Services Executive under LIC of India (Financial Services Executives) Scheme, 2007, was terminated, and commission due for 4626 policies mobilized by him was not paid despite benefits being realized by LIC.

Judgment Excerpts

The intra-Court appeal on hand has been instituted against the order dated 23.05.2024 passed in W.P.No.18088 of 2022. The appellant states that commission due to him has not been paid with reference to 4626 policies mobilized by him and the benefits are realized by the respondent-Life Insurance Corporation of India. The engagement shall be purely on contractual basis initially for a period of three years. The terms and conditions of engagement will be governed by the LIC of India (Financial Services Executives) Scheme, 2007.

Procedural History

Writ petition W.P.No.18088 of 2022 filed before Madras High Court; dismissed by single Judge on 23.05.2024; intra-court appeal filed under Clause 15 of Letters Patent, numbered W.A.No.2642 of 2024.

Acts & Sections

  • LIC of India (Financial Services Executives) Scheme, 2007: Clauses 3, 6, 17
  • Letters Patent: Clause 15
Subscribe to unlock full Legal Analysis Subscribe Now
Related Judgement
High Court Madras High Court Hears Appeal of Financial Services Executive Against Dismissal of Commission Claim; Terms of LIC of India (Financial Services Executives) Scheme, 2007 Examined. Contractual Nature of Engagement Under Clause 3 and Remuneration Under ...
Related Judgement
High Court High Court of Judicature at Bombay Acquits Husband and Two Women in Murder Case Due to Unreliable Dying Declarations and Lack of Circumstantial Evidence. Conviction under Section 302 read with 34 IPC Set Aside as Dying Declarations Suffer from Materi...