Dear Friends,

The Executive committee met on 4 th of May to pass the Accounts of the Association for the year 2014-2015, and after discussion and few clarification the accounts was passed unanimously. 

Second item of the Agenda was the ongoing Court cases at Madurai.

Sri A.G.Gajapathy Chairperson explained the present position of the cases in detail. The following are the excerpts.

The first and most important CASE is the 5 years notional credit case'

The above case came up for hearing on 26th of April and our Advocates Shri Parthibhan and Shri VijayShankar representing the individuals and the Association respectively explained the reasons for the present Writ petitions vide the Supreme court order dated 7 1 15 and about the Review petition which was finally rejected and consequent on the rejection, the present claim for the payment of 5 years notional credit for the eligible pensioners. 

Counsels pointed out the observations of the Supreme court Judges about the payment of 5  years notional credit and also the acceptance by the management counsel as referred by the the supreme court judges in their judgment dated 7  1 15. They also stressed the point that the whole claim for the arrears was denied only on the basis o fpayment of  this additional benefit  of 5 yrs notional credit. Our counsels  also quoted the Development officers' case where the supreme court has ordered the payment of 5 years Notional credit.

The counsel for the management stressed their argument mainly on clause 6 c of SVR scheme where the 5 years notional credit is denied.  denied The Hon'ble Judge after asking few clarifications from both of us, reserved the order.

We from our side feel that there is positive sign from the judge and hope we will get favourable order . 

The next one is our case for updation of pension pending in the Division Bench of Madurai Court. This case we have decided not to press, as of now, since the LIC Case was transferred by the Supreme court to Delhi High court Special  Bench and, hence we decided to wait for the out come of LIC case. 

Now that the 5 years notional credit case will be decided after the summer vacation, we should be ready for the next move which is 

a) If we win the management will go to Supreme Court 

b) If Management wins we should go to the Supreme Court

Either way the natural end is only at Supreme Court. The advantage for us is that we will have one more chance to open our case in Supreme Court and get a favorable judgement.

For all the above we need Financial Strength and after thorough discussion the E.C. decided to collect funds from the members fixing rupees 1000/- minimum since we have spent all the legal fund and also from the Subscription Fund and the funds we have now in FDs are very minimum and the interest we get from that is not even enough for meeting the day to day affairs of the Association we request all the pensioners who are willing to contribute more and make our case a success. .

In the history of the pensioners fighting for the right , I feel this is the only occasion where a lost case is taken back to Supreme court for a fresh hearing. This was made possible only because of GOD'S  willing and grace and of course because of the tireless work of the Association and finally your co-operation. 

Hence please let us not miss this chance for want of funds. 

Donate liberally  and let the fight continue and make it a success. 

Our Account details are given below and do not forget to send mail about your PAYMENT DETAILS EITHER BY MAIL OR BY SMS.TO MY NO 9444321613. 

NISVRREA 

BANK OF INDIA A/C NO: 801910100011930 

IFSC CODE: BKID0008019 

USMAN ROAD BRANCH T.NAGAR

Please note that maximum possible, you send the donation through the representatives, so that they will send the money with the list of contributors which will enable us to issue receipt. Please do remember to pay your due subscription with the donation for Legal fund. 

With regards

Nagarajan

Nisvrrea