Supreme Court of India
State Bank of Patiala v. Romesh Chander Kanoji and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that State Bank of Patiala is a subsidiary of State Bank of India; that the SBPVRS is similar to SBIVRS and consequently, the judgment of this Court in the case of Bank of India v.
Judgment, page 8
From the headnote
Service Law: ,, Voluntary Retirement Scheme-State Bank of Patiala Voluntary Retirement Scheme-Clauses 5, 8, 9(i)-Employees opting for Voluntary c · Retirement Scheme-Withdrawal of application after closure of Scheme- Refusal by Bank-Justification of-Held: Scheme is an invitation to offer and not an offer-It gives locus poenitentiae to an employee to withdraw by the date of closure of scheme after which mode of acceptance would apply- Hence, employees precluded from withdrawing from the Scheme after its closure-Contract Act, 1872.
Where later benches applied it
Of those, 1 mentioned
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