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

The case concerned the computation of dearness relief (DA) on pension for United Bank of India retirees. The retirees argued that the bank’s practice of granting a higher, tapering DA rate to those who retired before 1 Nov 2002 and a lower flat rate of 0.18% to post‑Nov 2002 retirees was arbitrary and violated the 1993…

The respondent, a senior manager of UCO Bank, was transferred to the head office where the bank discovered serious loan sanctioning irregularities committed during his tenure at a branch. The bank issued a charge‑sheet and, under a 2004 note and circular, the Assistant General Manager (AGM) of the former branch initiat…

The appellant UCO Bank dismissed its former manager, M.B. Motwani, after he attained superannuation, issuing a charge‑sheet only on 7 December 1991. The employee had been served a show‑cause notice and suspended before retirement, but no formal disciplinary proceeding was deemed pending at the time of his superannuatio…

The Supreme Court considered a Miscellaneous Application filed by Sunview Assets Pvt. Ltd., the auction purchaser, seeking a sale certificate from Union Bank of India on the ground that it had fully paid the auction price with interest as ordered on 12 May 2020. The Court examined whether the successive extensions of t…

The appellants were officers of Canara Bank who resigned between 1986 and June 1993, i.e., before the statutory settlement dated 29‑Oct‑1993 and the Canara Bank Employees' Pension Regulations, 1995 came into force. They claimed entitlement to a pension in lieu of the Contributory Providable Fund, relying on the pension…

The Supreme Court examined whether employees who retired under the State Bank of India Voluntary Retirement Scheme (VRS) of 2000 and had completed fifteen years of service were entitled to a proportionate pension under the SBI Employees' Pension Fund Rules. The Court held that the Central Board of Directors' approval o…