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2024 Supreme(Ker) 1501

BASANT BALAJI
Annamma Mathew – Appellant
Versus
Managing Committee Of The Mavelikara Taluk Co-Operative Bank Ltd – Respondent


Advocates:
Advocate Appeared:
For the Appellant : ADVS.T.R.HARIKUMAR SRI.ARJUN RAGHAVAN
For the Respondent: ADVS.SRI.B.ASHOK SHENOY SRI.P.S.GIREESH, SRI.RIYAL DEVASSY, SR GP SRI. BIMAL K NATH

JUDGMENT :

The petitioner retired from the service of the 2nd respondent Bank on 31.5.2018 as Secretary. On getting information that the Branch Manager and employees of Thazhakkara branch of the Society were indulging in certain misleads, a surprise inspection was ordered at the instance of the petitioner. The preliminary enquiry revealed serious lapses and illegal acts committed by the Branch Manager. The Managing committee, which met on 22.12.2016, decided to suspend the Branch Manager, and he was suspended on 22.12.2016. The Cashier and Clerk were also placed under suspension. Based on the inspection conducted, with the help of the Computer expert, it was found that there was malpractice to the tune of Rs.14,82,88,905/- and a crime was registered as Crime No.134 of 2017 by Mavelikkara Police station for the offences punishable under Sections 406, 408, 409, 417, 420, 465, 468, 120B, 34 and 471 (wrongly shown as 571) of the Indian Penal Code and Section 65 of the Information Technology (Amendment) Act, 2008. The three employees, who were responsible for the entire misappropriation, executed an agreement dated 27.10.2017 agreeing that if the loss is found to be of their deeds, the s

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