( 1 ) IN this writ petition the petitioner has challenged the order of his retirement dated March 16, 1994 Annexure-C to the writ petition by which the petitioner was retired from service of the Life Insurance Corporation of India (L. I. C. or Corporation, for short) with effect from that date on completion of the age of 58 years and odd days. On that day the petitioner was serving as a Class-1 category employee of the Life Insurance Corporation of India. The petitioner's contention is that he, being a 'transferred employee', is entitled to retire on completion of 60 years of age under Clause (1) of Regulation 19 of the Life Insurance Corporation of India (Staff) Regulations, 1960 (Staff Regulations, for short) whereas the case of the respondent Life Insurance Corporation of India is that the petitioner has to retire on completion of 58 years of age under Clause (2) of the said Regulation 19. The petitioner's contention is that initially he was appointed as an organiser on September 1, 1955 under the National Insurance Company Ltd. and thereafter obtained fresh appointment in the said National Insurance Company Ltd. as Inspector on and from January