HON’BLE SRI JUSTICE NAGESH BHEEMAPAKA WRIT PETITION No. 8538 OF 2018

O R D E R:

Heard Sri Prabhakar Sripada, learned Senior Counsel representing Sri Setty Ravi Teja, learned counsel for petitioners as well as Sri B.S. Prasad, learned Senior Counsel on behalf of M/s Pearl Law Associates for the respondents.

2. The case of petitioners is that Respondent No.4 – State Bank of India acquired five Associate Banks viz: (1) State Bank of Bikaner and Jaipur, (2) State Bank of Hyderabad, (3) State Bank of Mysore, (4) State Bank of Patiala, and (5) State Bank of Travancore as per said Gazette Notifications dated 22.02.2017 which were to come into force from 01.04.2017. It was mentioned in Clause 7 of the said Notification that Employees of the Transferor Banks (Associate Banks) shall become, from the effective date, an officer of, as the case may be, of Transferee Bank (State Bank of India) and shall hold his / her office of service therein on such terms and conditions as may be approved by the Central Board of the Transferee Bank (State Bank of India) and shall continue to work in accordance there with. However, no terms and conditions of service were approved by the Central Board, even though