1. Mr. K. Chandrasekar, formerly serving as Branch Manager of Chidambaram Indian Bank, having suffered an order of punishment of compulsory retirement from service on 12.10.2009 at the hands of Disciplinary Authority, the Deputy General Manager/ Circle Head, Cuddalore as confirmed by the orders dated 29.06.2009 passed by the third respondent, the General Manager, Indian Bank, Chennai and the order dated 24.05.2011 passed by the second respondent, the Executive Director, the Indian Bank, Chennai, has filed the present Writ Petition No.12098 of 2012, assailing the impugned punishment on various grounds inter-alia that the order of major penalty of compulsory retirement passed under Regulation 4(h) of Indian Bank Officer Employee's (Discipline & Appeal) Regulations, 1976 is not only arbitrary and unreasonable but also disproportionate to the charge and violation of statues and principles of natural justice.

2. Adding further, learned counsel for the petitioner submitted that when show cause notice was issued by the third respondent for certain irregularities in home loan accounts sanctioned by the petitioner, the said irregularities being minor, the same were properly expla