JUDGEMENT

NEENA BANSAL KRISHNA, J.

1. The present Regular First Appeal under Section 96 read with Order XLI of the Code of Civil Procedure, 1908 has been preferred by the Appellant/Plaintiff, Sanjay Verma, assailing the Judgment and Decree dated 28.03.2024, whereby the Suit for Recovery of Rs.16,49,713/- filed by the Appellant/Plaintiff came to be dismissed, by the learned District Judge.

2. The Appellant/Plaintiff instituted the CS DJ No.13384/2016 seeking recovery of Rs.16,49,713/- against the Respondent Company towards deferred salary, compensation bonus, transfer allowance, gratuity and interest.

3. Briefly stated, the case of the Appellant/Plaintiff was that he joined the services of the Respondent Company on 28.07.1992 and resigned on 02.03.2005 from the post of Vice President, Technology. At the time of his resignation, he was drawing a gross monthly salary of Rs.1,42,333/-.

4. During the financial year 2002-2003, the Respondent Company faced financial difficulties on account of substantial investments in infrastructure and delayed payments from its overseas affiliated entities. Consequently, in March 2002, the Defendant Company decided to defer a portion of the salaries pay