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2021 Supreme(Ker) 1047

S.MANIKUMAR, SHAJI P.CHALY
Punjab National Bank Represented By Its Chairman And Managing Director – Appellant
Versus
Venugopalan V. S/o. Late Padmanabhan Nair – Respondent


Advocates:
Advocate Appeared:
For the Appellant : P.BENNY THOMAS, D.PREM KAMATH
For the Respondent: K.MADHUSOODANAN, ABRAHAM P.MEACHINKARA
T.G.PAUL MATHEW JACOB (KUNNATHU), SYRIAC JOSEPH, SRI. ELVIN PETER P.J, SRI. SUNIL N. SHENOI

JUDGMENT :

SHAJI P. CHALY, J.

Respondents 1 to 3 in W.P.(C) No. 14581 of 2019 have preferred this appeal challenging the judgment of a learned single Judge dated 23rd February, 2021, whereby the writ petition was disposed of directing the appellants to release the Fixed Deposit amount retained by the 1st appellant Bank to the first respondent/writ petitioner on his demand. It was also made clear that the appellants would be at liberty to insist for an indemnity bond executed by the writ petitioner as a condition for releasing the Fixed Deposit.

2. Brief material facts for the disposal of the appeal are as follows:

The first respondent/writ petitioner was a Manager of the first appellant Bank. He took voluntary retirement in accordance with the voluntary retirement scheme floated by the Bank and he was relieved from service on 09.07.2018. According to the writ petitioner, the Provident Fund and the Pension Fund Department of the Punjab National Bank issued a Pension Payment Order as per Ext. P1.

3. According to the writ petitioner, when he approached the first appellant Bank for releasing the pension amount, the Circle Head of the Bank-second appellant, as per his communication dated 06.

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