( 1 ) THIS writ application is filed by the petitioners for a direction upon the regional Labour Commissioner (Central), Kolkata, to submit his failure report on the conciliation of the industrial dispute regarding denial of higher pensionary benefits to the employees of the respondent bank who retired before November 1, 2001 and also for other consequential reliefs.

( 2 ) THE petitioner. No. 1 is a Regional Trade Union of the retired employees of the respondent bank. The petitioner Nos. 2 and 3 are the retired employees of the respondent bank. The respondent bank was formerly known as ANZ grindlays Bank. It is renamed and known as the Standard Chartered grindlays Bank.

( 3 ) ON the basis of a settlement entered on November 20, 1997 under section 2 (b) read with section 18 (1) of the Industrial Disputes Act, 1947 (hereinafter referred to as the said Act) read with Rule 58 of the Industrial disputes (Central) Rules, 1957 between the ANZ Grindlays Bank Ltd. , and all India Grindlays Bank Employees Association, the pension of all retired employees was enhanced on ad hoc basis irrespective of their date of retirement. The above settlement was valid till December 31, 1998. By virtue o

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