House loan

Mohinder Singh (Querist) 15 February 2015 This query is : Resolved
i had taken a house loan from LIC of India in 1994 amounting to Rs.171000 at an interest rate of 5.25% pa (on concessional rate since i was an LIC employee) and the management started deduction of Rs725 per month from the salary since 1994. in 1996 on a fake complaint the management decided to deduct an enhanced commercial rate at 16.5% pa amounting to deduction of Rs2494 pm. thereafter LIC chargeseeted me and the got the matter of misappropriation of house loan investigated. the Enquiry officer recommended droping of charges of misappropriation against me and the Disciplinary authority dropped the charges on1/4/2000 but the commercial rate deduction continued till february 2004. the orders of High court in 2002 in a cwp filed by me for for the purpose went unrelied upon and the deduction continued till 2004. the management started deduction at lower rate from 2004 but never refunded the amount deducted in excess. i retired in 2010 fighting for the refund and the LIC manangemnt again deducted rs.190000 from the retirement benefits. i filed civil suit in 2010 and the court ordered to refund the amount deducted in excess of the agreed rate of interest alongwith interest @6%. i had to file an appeal for increase of the interest rate to 18%. the case is now fixed for august 2015. what remedies besides the refund are available to me in the present case? any wise opinion please.

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