Tamilnadu Terminated Full Time ... vs S.K. Roy, The Chairman, Life Insurance ...

The Supreme Court reviewed its earlier judgment dated 18.03.2015 concerning the validity of the Award by the Central Government Industrial Tribunal under the Life Insurance Corporation Act, 1956. The Court reiterated that the LIC must absorb the concerned workmen and pay all consequential benefits, despite the LIC's claims regarding financial implications and statutory provisions under Sections 24 and 28 of the LIC Act, 1956. The Review Petitions were dismissed as the arguments presented did not warrant a reconsideration of the merits of the case.