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Supreme Court Upholds RBI Circular Denying Arrears of Pension from Date of Retirement in Pension Option Case. Prospective Pension from July 1, 2020, Upheld as Valid Exercise of Employer's Discretion.

The Reserve Bank of India (RBI) appealed against a Division Bench judgment of the Kerala High Court that had dismissed its appeal against a Single Jud...

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Customs Duty and Interest Obligations: Key Legal Insights. Understanding Liability on Confiscated Goods and the Impact of Recent Judicial Rulings

The Judgement addresses three key issues concerning customs duty and interest obligations under the Customs Act, 1962: Liability to Pay Customs Dut...

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Bombay High Court Allows Pension Benefits to Retired Bank Employee Despite Delay in Deposit of Contribution Amount Under Joint Note Dated 27 April 2010. The court held that the three-day period for deposit was unreasonable and that the petitioner's substantial compliance warranted granting pension.

The petitioner, Ramesh Gajanan Nigudkar, joined the Bank of Baroda as a subordinate staff member on 4 March 1967 and retired after 39 years of unblemi...

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Bombay High Court Dismisses Appeal Seeking Enforcement of Consent Terms Against Non-Signatory Defendant in Debenture Dispute. Interpretation of Consent Decree Held That Clause 11(a) Obligation to Pay Was Only on Defendant No.5, Not Defendant No.6, Who Was Not a Party to the Consent Terms.

The case involves two appeals filed by the original Defendant No.5 (Dewanchand Ramsaran Trading Pvt. Ltd. and others) against a common order of the le...

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Bombay High Court Allows Writ Petition of Teacher Seeking Pay Scale Revision and Pension Benefits. Petitioner's service as Assistant Teacher from 1972 to 1998 entitled to benefits under 5th Pay Commission and pension scheme.

The petitioner, Babulal Rama Thakre, was employed as an Assistant Teacher with Respondent No. 4, a secondary school, from 1972 until his retirement in...

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Bombay High Court Dismisses Petition of Retired Employee Seeking Modification of Annuity Option Under Post-Retirement Benefit Scheme. Option Once Exercised Under Super Annuation Benefit Fund Scheme Cannot Be Changed After Retirement, as It Would Affect Contractual Rights of Corporation and LIC.

The petitioner, Avinash Trimbak Namjoshi, was an employee of Indian Oil Corporation Ltd. (Respondent No.1) who joined on 22nd June 1966 and opted for ...