You are one of the richest bodies in the world: Madras High Court orders LIC to return ₹6.29 lakh to man whose son died in ONGC blast

The Court said that LIC, a public sector undertaking, could not be permitted by the Court to claim a benefit from the money that had been awarded to a poor man, whose teenaged son had died in an accident.

The Madras High Court Monday directed the Life Insurance Corporation of India (LIC) to return the entire corpus of rupees 6.29 lakh to man, who had been given that amount as compensation after his teenaged son died in a gas pipeline explosion [Life Insurance of India v Pakkirisamy].

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