1. In this writ petition, the petitioner is aggrieved by the orders dated 20.2.2003 and 25.2.2003, contained in Annexure 4 series, whereby and whereunder his renewal commission has been forfeited.

2. In short, the relevant facts are that the petitioner was initially appointed as an agent on probation with effect from 7.11.1988 by the Branch Manager, Muzaffarpur Branch Office-1 vide letter, contained in Annexure 1, for the period 7.11.1988 to 6.11.1992. He was given Agency Code No. 04042531. Later, vide letter dated 5.12.1989 his appointment as an Insurance Agent was confirmed as per regulation 7(2) of the Life Insurance Corporation of India (Agents) Regulations, 1972 (hereinafter referred to as the Regulations). It is claimed that the petitioner continuously worked as an agent for more than 13 years and finally on 15.12.2001 he submitted his resignation to the competent authority, on receipt of which the petitioner, vide letter dated 28.1.2002 (Annexure 3), was communicated that his said resignation is under consideration before the competent authority and that, in the meanwhile, the competent authority has directed to stop his commission bill till further instructions.

3.