LIC Suffered No Loss, Gained More Business,Court Quashes Recovery Order Against Officer For Not Reporting Agent In Government Service: Rajasthan High Court

In an important judgment delivered by the High Court of Rajasthan at Jodhpur, the case of Padam Chand Prajapat versus Life Insurance Corporation of India (LIC) was heard concerning the recovery of Rs. 2,84,757/- that was directed by LIC. This recovery stemmed from allegations of dereliction of duty against the petitioner while working as a Development Officer in Nagaur. The recovery was linked to business generated by an agent, Basti…