Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970

Sudhir Kumar Consul was appointed as a clerk in Allahabad Bank in 1976 and promoted to officer in 1983. After taking voluntary retirement in 2001, he sought pension under the Old Pension Scheme, invoking Regulation 46(1) of the Allahabad Bank Officers Service Regulations, 1979, which provides pension in lieu of gratuit…

S.K. Kool, a clerk of Bank of Baroda, was punished for gross misconduct by being removed from service with "superannuation benefits as would be due otherwise" under clause 6(b) of the 2002 Bipartite Settlement. The Bank denied his pension and leave encashment, relying on Regulation 22 of the Bank of Baroda (Employees) …

The respondent, a manager of Punjab National Bank, was charged with serious irregularities and subjected to a departmental inquiry under the bank's 1977 service regulations. The disciplinary authority found him guilty on three charges and, despite the inquiry officer’s finding on the fourth charge, imposed removal from…