The petitioner, the Union Bank of India has called in question the order passed by the Central Government Industrial Tribunal-cum-Labour Court in CR. No. 15 of 1988. The respondent herein was working as a peon in Union Bank of India, Gokak Branch from 1967-68 to 1974 and thereafter he was transferred to Hebbal Branch of Belgaum District, wherein he worked as peon till 1975, when the Belgaum Bank came to be merged into Union Bank. Mr. Andani was transferred from Hebbal Branch to the Belgaum Branch. When working as a peon in the bank it was detected that respondent had withdrawn certain amounts from SB accounts of various customers by forging their signatures. When the matter was being investigated the respondent had given two letters dated 4-9-1978 and 13-9-1978 as per Annexures-M5 and M6. The contents of letter dated 4-9-1978 are as follows: The petitioner has admitted that he had committed forgery of signatures of account holders on pay slips and withdrawn amounts from the accounts of various customers and misappropriated the same. Repenting for the same he has remitted a sum of Rs. 5,840/-. In Exhibit M. 6-the petitioner while admitting he had committed forgery of signatures