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Bombay High Court Dismisses Writ Petition Challenging RBI Circular on Resolution of Stressed Assets. Circular dated 12.02.2018 held to be valid and within RBI's powers under Sections 35A and 35AB of the Banking Regulation Act, 1949.

The petitioners, Jayaswal Neco Industries Limited and Jayaswal Holdings Private Limited, filed a writ petition under Article 226 of the Constitution o...

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High Court of Bombay at Nagpur Quashes Removal of Bank Officer in Disciplinary Proceeding for Violation of Natural Justice. Non-Supply of Documents and Enquiry Report, and Bias by Enquiry Officer Lead to Setting Aside of Removal Order Under Service Law.

The petitioner, Balaji Digambarrao Kotgire, was appointed as a Clerk-cum-Cashier in the Oriental Bank of Commerce on 7th July 1979. He was later promo...

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High Court reviews dismissal of writ petition in EPF liability case concerning cooperative bank and pigmy agents. Bank challenges applicability of Indian Banks Association precedent to EPF Act context.

The Pachora Peoples' Cooperative Bank Ltd. filed a Review Application seeking to recall the order dated 07.02.2014 passed in Writ Petition No.5086/201...

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Supreme Court Sets Aside Reduction of Pension for Bank Employee Under Central Bank of India (Employees’) Pension Regulations, 1995. Prior Consultation with Board of Directors Mandatory Before Reducing Pension Below Full Admissible Amount Under Regulation 33.

The dispute arose from the compulsory retirement of an employee of the Central Bank of India, who had served as Chief Manager, a scale IV officer. Dur...

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Bombay High Court Dismisses Petition Seeking Compassionate Appointment for Disabled Son of Former Bank Employee. Voluntary Retirement on Medical Grounds Does Not Create Entitlement to Compassionate Appointment Under Canara Bank Pension Regulations.

The petitioner, Pramod Govind Sagalgile, was an employee of Canara Bank who joined as a Clerk in 1989 and was later promoted to Officer. Due to seriou...

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Bombay High Court Quashes Arrest Order Against Guarantors in DRT Recovery Proceedings — Recovery Officer Cannot Order Arrest Without Prior Notice and Hearing Under Section 25 of RDDBFI Act, 1993

The petitioners, Kishor K. Mehta and Rajesh K. Mehta, were directors and guarantors of Beautiful Diamonds Company Limited, which had availed loan faci...