Bombay High Court Upholds Forfeiture of Gratuity for Misappropriation by Bank Employee — Wilful Misconduct Under Section 4(6)(b)(ii) of Payment of Gratuity Act, 1972 Justifies Forfeiture of Entire Gratuity. The court held that misappropriation of funds by a bank employee constitutes wilful misconduct involving moral turpitude, and the employer is entitled to forfeit the entire gratuity under Section 4(6)(b)(ii) of the Payment of Gratuity Act, 1972....
The petitioner, an ex-employee of the respondent bank, was terminated on 6 July 1996 after a departmental enquiry found him guilty of misappropriating Rs.33,000 by opening bogus savings accounts and f...
