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HIRANMAY BHATTACHARYYA
Manoranjan Ari – Appellant
Versus
Allahabad Bank – Respondent
JUDGMENT
Hiranmay Bhattacharyya, J. - The petitioner was an employee of the erstwhile Allahabad Bank, which has since merged with the Indian Bank. He retired from service with effect from May 31, 2001. The petitioner claim that in spite of the fact that he submitted his option for pension while he was in service, the respondent/bank did not release the pensionary benefits for which the petitioner was compelled to approach this Court by filing a writ petition being W.P. No.3071(W) of 2003. The said writ petition was disposed of by an order dated January 25, 2005 directing the respondent bank to release necessary payment towards the monthly pension with family pension facilities with effect from June 1, 2001 with commutation facility within February 28, 2005. The pension was released in favour of the petitioner only on March 1, 2005.
2. The grievance of the petitioner is that the petitioner was deprived from enjoying the pensionary benefits for the period from June 1, 2001 till February 28, 2005 and for such belated payment he is entitled to interest on the said amount. The further grievance of the petitioner is that the respondent/ bank deducted the entire amount of interest amounting
The main legal point established in the judgment is the entitlement of employees to claim interest on the employee's share of provident fund and belated pensionary benefits under the Allahabad Bank (....
The main legal point established in the judgment is the entitlement of the petitioner to pension benefits under the PF and Pension Circular No. 8/2010, based on the exercise of options and the bank's....
The main legal point established in the judgment is that once an employee exercises the option under the (Death-cum-Retirement) Benefit Regulations, 1990, the Corporation is obligated to disburse pen....
The main legal point established is that once an employee lawfully exercises the pension option, the employer is obligated to disburse the pension benefits, and withdrawal of the option after lawful ....
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