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Bombay High Court Dismisses Petition Challenging LIC's Reduction in Gratuity Fund Policy Surrender Value. LIC's decision to pay 92.5% of cash accumulation upheld as consistent with policy terms and not arbitrary.

The petitioners, trustees of the Godrej & Boyce Manufacturing Company Limited Employees’ Gratuity Trust Fund, had taken out a group gratuity policy ...

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Bombay High Court Dismisses Employee's Writ Petition and Allows Trust's Petition in Service Law Dispute Under MEPS Act. Appointment Without Prior Approval Under Section 5 of the MEPS Act is Void, and Termination of Such Employee Does Not Require Compliance with Section 7.

The judgment involves two cross writ petitions arising from a dispute between an employee, Shatrughan Dada Kamble, and the Academy of Fine Arts & Craf...