LPA No.786/2013

Page 1 of 43

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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LPA 786/2013 & CMs 16643/2013, 5110-5112/2014

Reserved on : 23^rd April, 2014

%

Date of decision : 6^th May, 2014

P P VAIDYA & ORS

..... Appellants

Through

Mr. Vishnu Mehra with

Ms.Sakshi Mittal, Advs.

versus

IFCI LTD. & ORS

..... Respondents

Through

Mr. Dinkar Singh, Adv.

CORAM:

HON'BLE MR. JUSTICE P.K. BHASIN

HON'BLE MR. JUSTICE J.R. MIDHA

JUDGMENT

J.R. MIDHA, J.

1.

The appellants are the erstwhile officers of the respondent

who opted for voluntary retirement under the Voluntary Retirement

Scheme – 2008 dated 1^st February, 2008 (hereinafter referred to as

„VR Scheme‟) on 25^th February, 2008.

2.

On 19^th February, 2011, i.e. almost three years of taking

voluntary retirement, the appellants filed the writ petition to claim

an incentive under Scheme of Performance Linked Incentive

(hereinafter referred to as „SPLI‟) for the financial year 2007-08

which was dismissed by the learned Single Judge and is under

challenge in this appeal.

2014:DHC:2388-DB

LPA No.786/2013