KERALA HIGH COURT
P. R. Ramachandra Menon, J
Officers of the State Bank of Travancore – Appellant
Versus
the Bank – Respondent
| Table of Content |
|---|
| 1. writ appeal filed by bank officers after voluntary retirement. (Para 1 , 2 , 3) |
| 2. arguments against denial of regulation 29(5) benefits. (Para 4 , 6 , 8 , 9) |
| 3. judicial analysis on the applicability of regulation 29(5). (Para 5 , 10 , 11 , 12) |
| 4. appellants estopped from claiming benefits once accepted conditions. (Para 18 , 20) |
| 5. golden handshake character of voluntary retirement schemes. (Para 21 , 22 , 24) |
| 6. court finds learned single judge did not err; appeal dismissed. (Para 25 , 28 , 30 , 31 , 32) |
1. This Writ Appeal has been filed by the Officers of the State Bank of Travancore (for short, “the Bank”) who after accepting the voluntary retirement scheme under the State Bank of Travancore Voluntary Retirement Scheme, 2001 (for short, “the 2001 Scheme”) raised a claim for addition of a period of five years in their length of service for the retrial benefits relying on Regulation 29(5) of the State Bank of Travancore (Employees' Pension) Regulations, 1995 (hereinafter referred to as 'Regulation, 1995').
2. Writ Petition filed by the appellants seeking the above benefit was dismissed by the learned Single Judge by his judgment / order dated 25/02/2014 in OP No. 30
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