New Delhi (PTI): She came to the Supreme Court seeking a re-evaluation of her paper in the examination for joining judicial services as a magistrate. What she got instead was a rejection — and a candid confession by the Chief Justice that he too had wanted to join the judicial services in his youth but was advised by a senior judge to become a lawyer instead.

A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi on Friday dismissed a plea filed by Prerna Gupta, the judicial services aspirant.

As Gupta pressed her case, the CJI intervened and said, "Let me share my personal story and I hope you will go happily as we cannot allow your petition."

He recounted his time as a final-year law student in 1984 when he wanted to become a judicial officer. As per requirement, he cleared the written test and was set to appear for an interview.

Judicial services is one of the two routes to become a judge after initially joining as a magistrate in lower court and thereafter rising through the ranks to become judge in a high court and possibly the Supreme Court.

The other route is to join the Bar, which means becoming a lawyer, and after building a reputation be picked from the Bar to become a judge at a senior level.

By the time the CJI's exam results came out, he had started practising at the Punjab and Haryana High Court when he was called for the interview.

The senior-most judge on the interview panel happened to be a judge before whom he had recently argued two significant matters.

"One of the matters was Sunita Rani vs Baldev Raj, where he had allowed my appeal in a matrimonial case and set aside the decree of divorce granted by the District Judge on the ground of schizophrenia," he noted.

Before the interview could take place, the judge called the young Surya Kant to his chamber and asked, 'Do you want to become a judicial officer?'

"I said 'yes.' He immediately said, 'Get out from (my) the chamber.'"

The courtroom fell silent as the CJI Justice described his initial heartbreak.

    “I came out trembling. All my dreams were shattered. I thought he had snubbed me and that my career was over,” the CJI said.

However, the story took another turn the following day and the judge summoned him again, this time offering a piece of advice that would change the trajectory of his life.

    “He said, ‘If you want to become (a judge), you are welcome. But my advice is, don’t become a judicial officer. The Bar is waiting for you,’” Justice Surya Kant recalled.

The CJI said he decided to skip his interview and didn't even tell his parents at first, fearing their disappointment, and instead chose to dedicate himself to his practice as an advocate.

    “Now tell me did I make a bad right or bad decision,” the CJI asked and the litigant lawyer left the court with a smile on her face despite her case being dismissed.

Encouraging the petitioner to look toward the future rather than dwelling on the re-evaluation of a single paper, Justice Surya Kant said, "The Bar has much to offer."

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New Delhi (PTI): About Rs 700-1,000 crore loss per day. Rs 30,000 crore every month. India's state oil companies are quietly absorbing a massive financial hit to keep petrol, diesel and LPG prices unchanged even as global energy markets face a turmoil that is bigger than all previous crises combined.

While countries from Japan to United Kingdom have raised petrol and diesel prices by up to 30 per cent since the start of the West Asia conflict, fuel prices in India continue at two-year-old levels.

The war disrupted India's import of 40 per cent of crude oil (raw material for making petrol and diesel), 90 per cent cooking gas LPG and 65 per cent natural gas (used to generate electricity, make fertilizer, turned into CNG and piped to household kitchens for cooking), but state-owned oil companies have maintained uninterrupted fuel supplies with no rationing or shortage at any point in the last 10 weeks.

But this has come at a cost - Rs 30,000 crore under-recovery or loss every month for the three oil marketing companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), two sources with direct knowledge of the matter said.

The under-recoveries - the gap between input costs and realised retail prices - rose sharply in March/April before tapering a bit. Daily under-recoveries during April were estimated at about Rs 18 per litre on petrol and Rs 25 per litre on diesel, translating into average losses of Rs 700-1,000 crore a day for OMCs, they said.

At a news briefing on developments in West Asia, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said prices in the international markets, on which India relies to meet 88 per cent of its oil needs, have been volatile and supplies impacted.

Crude oil prices which were around USD 70 per barrel two months ago, are now at USD 120, she said. "It has been government's endeavour to keep prices stable so far and that there is no price increase for consumers," she said. "This has hit finances of OMCs... monthly under-recoveries are of the order of Rs 30,000 crore."

She, however, refused to say if retail petrol and diesel prices will continue to hold.

"As I said, the endeavour so far has been to see that there is no price increase," she said.

The three oil marketing companies (OMCs) have worked overtime to keep the supply lines running even when demand spiked due to panic buying.

The government intervention included excise duty reductions and absorption of part of the fuel cost burden. The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre.

The under-recoveries would have swelled to nearly Rs 62,500 crore had the government not cut excise duty on petrol and diesel by Rs 10 per litre each.

The government, Sharma said, has taken a hit of Rs 14,000 crore a month in cutting the excise duty.

The Centre's effective absorption at peak crude prices was estimated at around Rs 24 per litre for petrol and Rs 30 per litre for diesel.

The February 28 strikes by the United States and Israel on Iran triggered a sharp escalation in West Asia tensions. Energy prices surged as the conflict widened and shipping risks intensified in the Strait of Hormuz - the shipping lane through which India and other countries imported crude oil, LPG and natural gas from Gulf countries. Tanker movement was disrupted.

The companies also faced additional costs from emergency crude sourcing, higher freight charges due to vessel diversions, elevated marine insurance premiums and refinery optimisation expenses. Despite these pressures, fuel and LPG supplies remained uninterrupted across the country.

The surge in crude prices and the decision to shield consumers from higher retail prices placed significant strain on OMC balance sheets and refining margins, sources said.

They added that the measures reflected a policy decision to prioritise consumer stability and economic continuity during a global energy shock.

Sources warned that a prolonged period of elevated crude prices could lead to higher working capital borrowings and force some recalibration of capital expenditure plans. However, investments linked to refining expansion, energy security infrastructure, ethanol blending, biofuels and transition fuels would continue with government backing, they said.

India's approach contrasted with measures adopted by several other economies, where fuel prices rose sharply after the conflict-driven energy shock.

Petrol prices increased by about 34 per cent in Spain, 30 per cent in Japan, Italy and Israel, 27 per cent in Germany and 22 per cent in the United Kingdom, according to estimates. Several countries also introduced rationing, conservation advisories, emergency relief packages or fuel caps.

In India, petrol prices remained Rs 94.77 per litre and diesel at Rs 87.67, with no rationing, mobility restrictions or supply disruptions, they added.

Sharma said the revenues that OMCs earn are used to buy crude oil, build infrastructure to process it into fuel and create channels that will take the fuel to consumers.

Their capex spending is all dependent on the revenues they earn, she added.