( 1 ) A learned Single Judge of this Court has refused to interfere with the disciplinary action taken by the Management of the Central bank of India against the appellant in imposing the penalty of reduction in pay by 5 (five) stages in the present time scale with cumulative effect. Hence the delinquent officer is before us by way of this Writ Appeal.

( 2 ) THE facts of the case in brief are the appellant while working as a Branch Manager at Jangamakote Branch, Central Bank of India was served with a charge memo dated 7th /9th August 1992 alleging that the appellant misued his official position by sanctioning loans totalling to Rs. 1,05,000/- to 21 persons contrary to the prescribed procedure, thereby committing gross misconduct within the meaning of Regulation 3 (1) read with Regulation 24 of Central Bank of India officer, Employee s Conduct Regulations 1976, (for short, the conduct Regulation ) attracting penalty specified under Regulation 4 of Conduct Regulations. The appellant was asked to furnish his explanation, if any, to the charge memo within 15 days of the receipt of the charge memo. According to the appellant officer certain documents sought by him were not