ANTONY DOMINIC, SHIRCY V.
Life Insurance Corporation of India – Appellant
Versus
Amballoor Janatha Service Co-Operative Bank Ltd. – Respondent
Shircy V., J.
Over a span of time, the services rendered by the Life Insurance Corporation of India (hereinafter referred to as `the LIC') have improved and it attracts the public, with new policies and schemes. One such scheme introduced is `Employees Group Gratuity Life Assurance Scheme'. By this scheme the LIC offered to take over the statutory liability of the employer to pay gratuity to its employees. The 1st respondent Amballoor Janatha Service Co-Operative Bank Ltd. (hereinafter referred to as 'the Society') has accepted the offer floated by the LIC. But when an employee of the Society expired before completing his entire period of service, the liability of the employer Society for payment of gratuity to the heirs of the deceased have not been disbursed by the LIC as per the scheme and hence the Society filed W.P.(C)No. 25930 of 2010 before this Court. The learned single Judge by the judgment dated 05.11.2014 allowed the writ petition. Challenging the Judgment, this appeal has been preferred.
2. The brief facts are as follows: The LIC had offered the Employee's Group Gratuity Life Assurance Scheme for taking over the liability of various institutions under the Paymen
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