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Showing posts from June, 2019

Magnificient Mismanagement Saga of ILFS - SC Judgement June 2019

1 REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 3747 OF 2019 Hari Sankaran ... Appellant Versus Union of India & Others ... Respondents J U D G M E N T M.R. SHAH, J. 1. Feeling aggrieved and dissatisfied with the impugned Order dated 31.01.2019 passed by the National Company Law Appellate Tribunal, New Delhi in Company Appeal (AT) No. 29 of 2019 by which  the   learned   Appellate   Tribunal   has   dismissed  the   said appeal   preferred   by   the   appellant   herein   –   Ex­Director   of respondent No. 2 – Infrastructure Leasing & Financial Services Limited (hereinafter referred to as ‘the IL&FS’) and has confirmed the   order   passed   by   the   National   Company   Law   Tribunal, Mumbai Bench (hereinafter referred to as ‘the learned Tribunal’) dated 01.01.2019 by which the learned Tribunal allowed the said 2 application preferred by the Central Government under Section 130(1) & (2) of the Companies Act, 2013 (hereinaf

Allowing members of the Employees' Pension Scheme, 1995 the benefit of the actual salary in the Pension Fund exceeding wage limit

tf,~T.ml ~ f.mi ~ ( ~ ~ mrTR ~ \ffirf 'ITT EMPLOYEES' PROVIDENT FUND ORGANISATION (Ministry of Labour & Empl(1fment, Govt. of India) ~ ~ I Head Office ~m~. 14-~~u:m.~~-llCi(JM, Bhavishya Nidhi Bhawan, 14, Bh1ka111 Cama Place, New Delhi - 110 066. o: Pe'1s on-I/1 2/ 33/EPS Amendment/96/ Vol.II / (\ Dated: ~3-03-2017 ,o, ~\~ All Regional P.F. Commissioner, Regional Office/Sub-Regional Office. Subject - Allowing members of the Employees' Pension Scheme, 1995 the benefit of the actual salary in the Pension Fund exceeding wage limit of either Rs. 5000 / - or Rs. 6500 per month from the effective date respectively as per the Hon'ble Supreme Court's order in SLP No.33032-33033 of 2015 - Regarding. The matter of determ·nat;on of pensionable salary exceeding statutory wages ceiling ano exerose of option under deleted proviso to Para 11(3) of the EPS, 95 was exam neo m t'le ;1ght of the Hon'ble Supreme Court's Order in SLP No.33032-33033 o