I resigned from a public limited company after serving there for 16 years. Now when I am requesting them to refund my kitty of rs. 7 lacs, as they have misplaced my papers sent at the time of relieving, they are refusing to do so. I am being told that as per policy, only if the kitty is Rs. 1 lac can it be refunded. In my case where the amount is higher, it will be routed thru LIC for pension.
Do I have any legal remedy available in such a case?
From India, Pune
You can not claim refund of the rules of the Company provide for pension.
You can ask for details and seek withdrawal of the commutable part of the find and the balance shall be paid to you by way of pension as per rules.
The Company does not seem to be wrong on their part.
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