[BREAKING] LIC IPO: Supreme Court to hear petitions challenging passing of Finance Act, 2021 as money bill

It is stated that the amendments effectively reduce the share of LIC’s surplus which the petitioner is legally entitled to, causing losses to her and other participating policyholders to the tune of ₹4,14,919 crore.
[BREAKING] LIC IPO: Supreme Court to hear petitions challenging passing of Finance Act, 2021 as money bill
LIC IPO and Supreme Court

The Supreme Court will on Thursday hear a batch of appeals and a fresh plea against verdicts of the Madras and Bombay High Courts which dismissed challenges to the decision of the Central government to trade 5 per cent of its shareholding in Life Insurance Corporation (LIC) through an Initial Public Offering (IPO) [L Ponnammal v Union of India].

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