Hi Rajiv,
Looks like you are not visiting this page recently. You missed out a lot of postings. Don't boast about your knowledge here and don't post your own laws here. The thread Title itself needs improvemet. It would have been better if it said something like
"LC Salary issue" or "Current Salary Vs LC Salary ". You should have posted more details about the source of such a law. On reading your post, i thought that you are quoting your experience.
It is so misleading. Hundreds of people post their experinces here and a lot of them had a current salary much less than LC salary and all of them got approved. There was not a single case of denial till date. You should have used this common sense before posting your thoughts here.