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2025 Supreme(Mad) 5418

IN THE HIGH COURT OF JUDICATURE AT MADRAS
HEMANT CHANDANGOUDAR
M. Swaminathan – Appellant
Versus
Corporation Bank Rep. by its Chairman cum Managing Director, Mangalore – Respondent


Advocates Appeared:
For the Appellant : Balan Haridas
For the Respondent: J. Hemalatha

ORDER :

1. The challenge in this writ petition is to the order dated 08.05.2014 passed by the first respondent, confirming the order dated 09.11.2013 passed by the second respondent. By the order dated 08.05.2014, the petitioner was imposed with the punishment of reduction to a lower grade, as envisaged under Regulation 4(g) of the Corporation Bank Officer Employees’ (Discipline and Appeal) Regulations, 1982, on the finding that Charge Nos. 1 and 2 stood proved.

2. The petitioner, while serving as Senior Manager/Chief Manager, Chennai – Personal Banking Branch, was issued a charge memo dated 03.03.2012. The charge memo, along with the statement of allegations, reads as follows:

“Article of Charge No.1

That the Executive, in gross abuse of his official position, in utter violation of CHOME Scheme guidelines and in connivance with the builder viz., Shri.Kathiresan G., continuously sanctioned / disbursed a large number of CHOME loans to certain employees of the Corporation, by not conducting proper due diligence exercise about the builder and not ensuring proper appraisal/pre/post sanction verification of the loans and allowed the funds to be siphoned off by the builder in a large number

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