Judgment

VERMA, J.:- Respondent No.1, M. S. Jasra, joined the service of the Reserve Bank of India in 1957, was promoted as a Staff Officer in 1970 and then as a Banking Officer in 1977. M. S. Jasra applied in response to an advertisement issued by the Lakshmi Commercial Bank and was selected in 1983 for the post of Assistant General Manager which he joined in March, 1983.

2. The Central Government, after considering the application made by the Reserve Bank under sub-sec. (1) of S. 45 of the Banking Regulation Act, 1949 made an order of moratorium under sub-see. (2) thereof in respect of Lakshmi Commercial Bank on April 27, 1985. Thereafter, the Reserve Bank prepared a scheme for amalgamation of the Lakshmi Commercial Bank with the Canara Bank on August 23, 1985 under sub-sec. (4) of S. 45 which was approved by the Central Government on August 24, 1985. As a consequence thereof, the services of the employees of Lakshmi Commercial Bank were continued on amalgamation in the Canara Bank and respondent No.1, M. S. Jasra was fitted in the post of Divisional Manager in the Canara Bank.

3. M. S. Jasra, respondent No.1 was aggrieved by his continuance in the Canara Bank as Divisional Manager