L.I.C. OF INDIA vs RETIRED L.I.C. OFFICERS ASSN. .

The Supreme Court addressed the jurisdiction of the Chairman of the Life Insurance Corporation of India under Regulation 51 of the Life Insurance Corporation of India Class-I Officers (Revision of Terms and Conditions of Service) Instructions, 1996, regarding the revision of pay and gratuity for retired officers. The Court held that the Chairman lacked the authority to alter gratuity payments based on revised pay scales, as Regulation 77 explicitly governed gratuity calculations. The appeal was dismissed, affirming the High Court's decision that the instructions issued by the Chairman could not affect the gratuity entitlements of retired employees.