JUDGMENT

AHMADI, J. : — This petition under Art. 32 of the Constitution of India is preferred by and on behalf of the retired employees of the Imperial Bank of India (IBI) which has since been taken over by the State Bank of India (SBI) constituted under the provisions of the State Bank of India Act, 1955 (Act 23 of 1955). Petitioners Nos. 2, 3 and 4 are the pensioners of IBI. Petitioner No. 1, the IBI Pensioners Association, is impleaded as a party to give the petition a representative character. The grievance of the petitioners is that the instant Pension-Plan governing the employees of the erstwhile IBI is out-dated and does not provide reasonable pension required for survival. Several contentions have been raised in the petition but is is not necessary to traverse them because the pension-plan has undergone a change during the pendency of the petition. The question of suitably revising the IBI Employees Pension and Gratuity Fund Rules and Regulations (hereinafter called the Rules) was taken up by the Bank in consultation with the Central Government. The proposal submitted by the Bank has now received the approval of the Central Government as well as the Reserve Bank of India. C