THE STATE OF PUNJAB NEW INDIA ASSURANCE CO. LTD CHIEF REGIONAL MANAGER NEW INDIA ASSURANCE CO. LTD vs SUSHIL KUMAR VIG — C.A. No. 9296/2013

Case Summary: C.A. No. 009296/2013 Outcome: The Supreme Court disposed of New India Assurance Company's appeal on November 29, 2023, declining to interfere with the High Court's order that quashed the insurance company's decision to recover non-core benefits from retired development officers. The Court upheld that the Amendment Scheme 2003, under which the employees took voluntary retirement, governs the payment of non-core benefits and its ratio would prevail. Background: Development officers who opted for voluntary retirement under the Special Voluntary Retirement Package (SVRP) 2003 were later denied non-core benefits retroactively from April 2003, with the company seeking recovery from their retiral benefits. The High Court of Punjab & Haryana had quashed this recovery order, which the company appealed to the Supreme Court in the interests of justice. This case analysis is maintained by casestatus.in based on publicly available court records.