ORDER

1. Whether Reporters of Local newspapers may be allowed to see the Judgments? : Yes

2. Whether the copies of judgment may be Marked to Law Reporters/Journals? : Yes

3. Whether His Lordship wishes to see the fair copy of the Judgment? : Yes

ORDER:

This writ petition is filed declaring the letters dated 29.03.2001 and 06.11.2001 passed by the respondents respectively as illegal and arbitrary, and consequently direct the respondents to pay an amount of Rs.9,48,474/- to the petitioners under the Voluntary Retirement Scheme (for short ‘VRS’) pertaining to late Sri K.S.R.Sastry.

2. The brief facts of the case are as follows :-

(a) Sri K.S.R.Sastry, who is the husband of the 1st petitioner and father of petitioners 2 to 4 joined in the service of the respondents’ Bank on 09.11.1971 and died on 27.02.2001.

(b) The State Bank of India announced VRS for its employees, vide Circular No.Per/39/200-2001, dated 30.12.2000, who have put in 15 years of service or have completed 40 years of age as on 31.12.2000. Mr.K.S.R.Sastry (hereinafter referred to as ‘the applicant’) applied for VRS on 15.01.2001 and his application was sent to the Deputy General Manager, State Bank of India, Hyderabad C