Bombay High Court Allows Writ Petition of Retired Bank Employee Challenging Discontinuation of Pension in Lieu of Gratuity — Pension Cannot Be Unilaterally Stopped Without Amendment to Service Regulations. The court held that pensionary benefits constitute a package and the bank could not discontinue the petitioner's pension without amending the service regulations, as the petitioner had a vested right to pension under the Pension Rules.
19 Jan 2012The petitioner, Shapoor M. Mehta, an 87-year-old senior citizen, retired from Allahabad Bank on 30 May 1986 after 39 years of service as a Special Ass...
