1. The present writ application has been filed by the petitioner for quashing the order dated 29.5.2003, passed by the Chairman- cum-Managing Director, New India Assurance Company Limited, by which the petitioners memorial/representation against the orders passed by the Disciplinary Authority and the Appellate Authority have been affirmed. By the aforesaid order the petitioner has been punished by reduction of his basic pay-scale salary by three stages. The only ground taken for quashing the aforesaid punishment is that the Central Bureau of Investigation after conducting investigation having decided not to prosecute the petitioner, the departmental proceedings for the same charge could not be sustained.

2. In order to appreciate the contention brief facts are relevant. At the relevant time the petitioner was an Assistant in the New India Assurance Company Limited in the Divisional Office No. 2 at Dak Bungalow Road, Patna. It appears that one Chansi Rai file an application before the Central Bureau of Investigation, Patna stating that the petitioner was asking for illegal gratification for securing job for the younger brother of the said Chansi Rai on Class-IV post in the