LAWS(DLH)-2014-5-4

P.P. VAIDYA Vs. IFCI LTD

Decided On May 06, 2014
P.P. Vaidya Appellant
V/S
IFCI LTD Respondents

JUDGEMENT

(1.) The appellants are the erstwhile officers of the respondent who opted for voluntary retirement under the Voluntary Retirement Scheme 2008 dated 1st February, 2008 (hereinafter referred to as "VR Scheme") on 25th February, 2008.

(2.) On 19th 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.

(3.) The salient features of VR Scheme of the respondent are as under:-