( 1 ) FACTS which are essential to dispose of this writ petition, briefly stated are as follows: the petitioner joined service of Indian Overseas Bank as Probationary Officer on 3-11-1969. After having had various assignments and prestigious trainingprogrammes in the country and abroad he was promoted to erstwhile B grade witheffect from 1-7-1974. He was further promoted to middle management - Scale-Illwith effect from 1-7-1979. He headed the prestigious branches of the Bank atjullundur, Bhatinda, Ludhiana, Nehru Place, New Delhi and Alkapuri in Baroda.

( 2 ) THE service conditions of the Officer-Employees of Indian Overseas Bank are governed by Indian Overseas Bank Officer Employees' Conduct and (Disciplineand Appeal) Regulations, 1976, (for short 'regulations' ).

( 3 ) DURING July 1984 the charge-sheet dated 18-7-1984 was served on the petitioner referring to certain irregularities alleged to have been committed by thepetitioner during the period June 1977 to December 1979. The petitioner gave adetailed defence statement dated 23-8-1984 vide Annexure-B running into about100 pages, to the charge-sheet Annexure-A which runs into 33 pages.

( 4 ) ON consideration