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2009 Supreme(Mad) 460

PRABHA SRIDEVAN, K.K.SASIDHARAN
S. Sundaram & Others – Appellant
Versus
ICICI Bank Limited rep. by its Chairman and Managing Director Corporate Office & Another – Respondent


Advocates Appeared:
For the Appellants:Balan Haridass, Advocate.
For the Respondents:A.L. Somayaji, Senior Counsel, V. Perumal, Advocate.

Judgment :-

Prabha Sridevan, J.

The petitioners were originally employees of the Bank of Madura which has since been amalgamated with ICICI Bank, the respondent herein, and they prayed for a writ of mandamus that they should be granted pension in accordance with the Bank of Madura Employees Pension Regulations. The prayer was not granted both on the ground of maintainability and on merits. Hence the employees have filed this appeal.

.2. The facts are as follows:

.On 30.01.1996, the Bank of Madura introduced for the first time the Bank of Madura Employees Pension Regulations (BoMPR). This was modified in 1999, incorporating provisions relating to the optees of Bank of Madura Employees Voluntary Retirement Scheme (VRS in short). Then on 10-03-2001, the Scheme of amalgamation of BoM with ICICI came into effect with the sanction of RBI as per the Banking Regulations Act.

.3. On 29-06-2001, the representatives of BoM Association and ICICI Bank worked out an agreement to facilitate the integration process and certain clauses of this agreement are relied on by the appellants. On 19-09-2002, another agreement was entered into between the ICICI, Bank Officers Association(BOA) and the ICI









































































































































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