Supreme Court Allows Appeal of Assam Financial Corporation in Gratuity Dispute with Retired Employees. Held that employees of statutory corporations are not entitled to gratuity under the Payment of Gratuity Act, 1972, but only under the corporation's own regulations, and the ceiling of Rs. 7 lakhs as per the 2012 Office Order was applicable.
1 Jan 2025The case involves an appeal by the Assam Financial Corporation Limited (AFC) against a judgment of the Gauhati High Court which had allowed the writ p...





