P.SATHASIVAM
INDIAN BANK – Appellant
Versus
PRESIDENT, DISTRICT CONSUMER DISPUTES, REDRESSAL FORUM AND N. S. RAJAN – Respondent
ORDER :
P. Sathasivam, J.—By consent main writ petition itself is taken up for disposal. Indian Bank through its Assistant General Manager, Central Office, Chennai-1 has approached this Court to issue a Writ of Prohibition, forbearing the District Consumer Disputes Redressal Forum, Chennai-4/first respondent herein from deciding or proceeding further in the complaint filed by the second respondent in O.P. No. 309 of 2001.
2. The case of the petitioner is briefly stated hereunder:-
According to them, a committee was constituted by the Government of India to study the introduction of Voluntary Retirement Scheme in the Nationalised Banks due to the economic reforms set in 1990. The Indian Bank Association with the approval of the Government of India, made a model policy for the voluntary retirement and advised all Public Sector Banks the salient features of the scheme for implementing the scheme, with the approval of the respective Bank's Board. Thus, the Indian Bank Employees VRS-2000 (hereinafter referred to as "VRS") was formulated in line with the Voluntary Retirement Scheme recommended by Indian Bank Association and the same was adopted by the Bank Board on 7-9-2000. A circular was
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