Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)
Earlier, Delhi HC has disapproved BBB’s power to select directors of PSU general insurance companies and the government has already implemented the verdict by cancelling all the appointments of serving directors
New Delhi
The Delhi High Court has on Monday adjourned the “Singh Vs Government of India” – ” case to May 19.
Justice V Kameswar Rao, who had originally admitted the case in December,2021, was on leave, hence the case has been adjourned, said sources.
The case has already been adjourned twice in the last three months.
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB).
Though, Singh was earlier selected by the BBB for the post of UII, the government finally chose Tripathy, who was a reserved candidate for the post.
The outcome of the `Singh- BBB’ case may impact the appointments of many existing CMDs of PSU general insurers, chairman and also managing directors of Life Insurance Corporation(LIC) who were all selected by the BBB over last four years. .
Earlier, Delhi HC has disapproved BBB’s power to select directors of PSU general insurance companies and the government has already implemented the verdict by cancelling all the appointments of serving directors.
Moreover, the government, before Delhi HC decides about the `Singh-BBB’ case, is unable to conduct any fresh interviews to fill up the vacancy of CMD at NIA.