LIFE CORP.OF INDIA vs S.VASANTHI

The Supreme Court upheld the decision of the High Court which modified the punishment imposed by the Life Insurance Corporation of India on the respondent for tampering with insurance records, resulting in financial loss to the corporation. The Court confirmed that the disciplinary proceedings were conducted in accordance with the principles of natural justice and that the findings of guilt were substantiated by evidence. The Court held that the punishment of recovery of loss and reduction in pay was justified, thereby dismissing the appeal of the LIC.