1. The present writ petition has been filed for setting aside the award dated 15.02.2017 (Annexure-4 to the writ petition) passed by the Central Government Industrial Tribunal No.1, Dhanbad (in short ‘the learned Tribunal’) in Reference No. 34/2012 whereby the punishment awarded by the petitioner-management to the concerned workman has been held not fair and justified with a direction to the petitioner-management to pay all the dues to the concerned workman as a regular employee of the management by maintaining his grade and if he has retired in the meantime, to give all the retiral benefits to him.

2. The factual background of the case, as stated in the writ petition, is that the concerned workman (K. P. Mahto) joined the services of M/S Bokaro Steel Plant, Bokaro on 23.03.1977 and was posted as Storekeeper in T.A Department. The internal audit department of M/S Bokaro Steel Plant, Bokaro submitted its report in which it was pointed out that there was discrepancy in sale proceeds of the tickets at JNB Park and an amount of Rs.1,29,856/- towards the sale proceeds of the tickets was not submitted in the cash section. Based on the internal audit report, an explanation was so