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

The respondent, a UCO Bank officer, was asked to show cause for disciplinary action just before his superannuation and a disciplinary proceeding was said to be initiated, but a charge sheet was only issued two years later. The bank dismissed him and the respondent challenged the dismissal. The Supreme Court examined wh…

Astamija Dash, a Management Trainee at Punjab National Bank, was terminated after failing to pass the bank's confirmation test despite being given three attempts and citing pregnancy‑related health issues. She claimed discrimination because another trainee, Indubala, was allowed a fourth attempt. The High Court held in…

The petitioner, a manager of Syndicate Bank, was found to have discounted a Rs 50,000 cheque for a colleague and retained the instrument for two months before the amount was recovered with interest. A departmental inquiry under the Syndicate Bank Officer Employees (Discipline & Appeal) Regulations, 1976, conducted by a…

The Supreme Court considered whether employees of several public sector banks who had completed twenty years of service and retired under the Voluntary Retirement Scheme 2000 (VRS 2000) were entitled to the five‑year notional service addition provided by Regulation 29(5) of the Pension Regulations, 1995. The banks argu…

The appellant, C.K. Sasankan, sought recovery of a loan taken by his father from Dhanalakshmi Bank and challenged the interest awarded by the Debt Recovery Tribunal, which was 25% from filing to judgment and 19.4% thereafter. He argued that such rates were excessive and violated Section 34 of the Code of Civil Procedur…

The appellant, an employee of Allahabad Bank, was disciplined and his pay scale was reduced. The Executive Director, who was temporarily holding charge of the Chairman and Managing Director posts, reviewed the penalty under Regulation 18 and enhanced it, reducing the appellant further. The appellant challenged the orde…

The Supreme Court examined the constitutionality of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, which imposes a total ban on prize chit schemes. Petitioners argued that the ban violated the fundamental right to trade under Art.19(1)(g), was discriminatory under Art.14, and exceeded Parliament's l…

Jagjit Singh Mehta, a Bank of India officer, was promoted from the clerical cadre and, having undertaken to serve anywhere in India, was posted to Bihar. He later filed a writ petition seeking transfer to Chandigarh, where his wife was employed, and the Punjab and Haryana High Court ordered his transfer. The Bank appea…

The Supreme Court considered a series of civil appeals arising from dismissals of bank employees who sought relief under various State Shops and Establishments Acts. The banks argued that the Acts did not apply to them because they were "establishments under the Central Government" and thus fell within the exemption in…

Jai Singh B. Chauhan, a clerk of Punjab National Bank, sought to be covered by the bank's pension scheme after missing the deadline to opt in. The pension regulations, framed under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, were published in the Official Gazette on 29 September 1995, gi…

The employee, a Junior Management Scale‑I officer of Allahabad Bank, was served with a charge‑sheet in 1983 and an enquiry was conducted by a Deputy General Manager (DGM). While the enquiry was pending, the employee was transferred and the Assistant General Manager (AGM) of another zone was nominated as the disciplinar…

The respondent, a Branch Manager of UCO Bank, was superannuated on 1 November 1996 after show‑cause notices were issued for alleged irregularities in sanctioning PMRY loans. A charge‑sheet was issued only on 13 November 1998, well after his retirement, and disciplinary proceedings were launched under Regulation 20(3)(i…

Ramesh Chandra Sharma, a manager of Punjab National Bank, was charged with negligence and misconduct in loan disbursement. The disciplinary authority proved the charges and dismissed him, but he superannuated before the order was finalized. The High Court substituted the dismissal with a order withholding his retiral b…

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 cooperative societies had placed fixed deposits with Indian Bank and Bank of Baroda through commission agents, and the banks later refused to honour the deposits, claiming the amounts had been used to grant loans and that a fraud involving bank officers had occurred. The societies filed writ petitions under Article…

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 Central Government Industrial Tribunal awarded a customary bonus to State Bank of India employees, which the bank’s management challenged. While the award was pending, Parliament enacted the Banking Laws (Amendment) Act, 1984, inserting provisions in the State Bank Act and related statutes that prohibited any bonus…

The All India Bank Officers' Confederation challenged a 23 August 1982 circular that allowed the Central Government to appoint any non‑workmen officer to the board of a nationalised bank, bypassing the panel of three names submitted by the majority association of non‑workmen employees. The petitioners argued that the c…

The appellants, former employees of Bank of Indore Limited who were transferred to the State Bank of Indore under the State Bank of India (Subsidiary Banks) Act, 1959, were retired after completing 30 years of service, before reaching the statutory retirement age of 58 prescribed in Section 11(1) of the Act. They chall…

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…

Venkatesh Gopal Mahishi, an award staff of Union Bank of India, retired on medical grounds in November 1993 and secured a compassionate appointment for his son. The Bank later framed the Union Bank of India (Employees') Pension Regulations, 1995, offering pension to employees who voluntarily retired between 1 January 1…

The Bank of India sued Vijay Transport and its partners to recover a cash‑credit loan of Rs.18,14,817.91, claiming mortgages over several properties. The Andhra Pradesh (Andhra Area) Agriculturists Relief Act, 1938 provides that debts of agriculturists may be "scaled down" under section 13, but section 4(e) excludes de…

Sanwar Mal, a former Class‑IV employee of UCO Bank who resigned in 1988, sought to join the bank's Employees' Pension Scheme introduced in 1995 under a 1993 settlement. The bank refused, invoking Regulation 22 which disqualifies any employee who has resigned, been dismissed or removed from pension benefits. The employe…

The CBI filed a case under Sections 120B and 420 of the IPC and Sections 11, 12 and 13 of the Prevention of Corruption Act against M. Gopalakrishnan, then Executive Director, Chairman and Managing Director of Indian Bank. Gopalakrishnan sought to quash the proceedings under Section 482 of the Code of Criminal Procedure…

The petitioners, officers of the Central Bank of India appointed after the 1969 nationalisation, challenged their forced retirement at age 58 under Rule 3 of the Bank's Rules for Age of Retirement, arguing that having two different retirement ages (60 for pre‑July 19, 1969 officers and 58 for post‑July 19, 1969 officer…

The case concerned the constitutional validity of Regulation 19(2) of the Life Insurance Corporation of India (Staff) Regulations, 1960, as amended in 1977, which required employees appointed on or after 1 September 1956 and belonging to Class I or II to retire at age 58, with a provision for retirement at 50 in the co…

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…