ORDER :

The petitioner in this writ petition has called in question an order dated 16.05.2014 passed by the Disciplinary Authority imposing penalty of Rs.1,93,200/-being 15% of the assessed financial loss of Rs.12,88,014/- in terms of Regulation No.39(1)(a)(iv)of the Service Regulation, 2010, and the order of the Appellate Authority dated 16.05.2014.

2. The brief facts leading to filing of the present petition as borne out from pleadings are as follows :

The petitioner was appointed on 02.02.1983 as an officer in Middle Management Scale-I of the respondent Bank which was then called Kalpataru Grameena Bank. When the petitioner was due to retire on attaining the age of superannuation on 31.03.2013, on 28.02.2013 a charge sheet was issued two days prior to his retirement alleging that the petitioner had granted certain loans for the purpose of purchase of a tractor and for the purpose of maintenance of Banana crop and along with other crops on 27.06.2005, alleging that the petitioner had committed irregularity in granting loan to one Siddabasappa and his father. Notwithstanding the fact that the father of the said loanee had died on 15.05.2005 long before the grant of loan on 27.06.2005