LAWS(DLH)-2021-10-133

RAVI Vs. UNION OF INDIA

Decided On October 04, 2021
RAVI Appellant
V/S
UNION OF INDIA Respondents

JUDGEMENT

(1.) This petition has been filed by the petitioner with the following prayers:-

(2.) The petitioner in the instant petition joined National Company Limited ("NICL", for short) in 1984 on Insurance the post of Assistant Administrative Officer and from 2018, is holding the post of General Manager at the said public sector insurance company. According to the petitioner, as General Manager of NICL, he is eligible for appointment to the promotional post of General Manager and Director in Public Sector General Insurance Companies ("PSICs", for short).

(3.) The petition has been filed assailing the selections to the posts of General Manager and Director of PSICs made by respondent No. 2, Banks Board Bureau ("BBB", for short), inter alia, on the ground that it is not a body competent to make the impugned selections. According to petitioner, BBB is a banking body established under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 ("Act of 1980", hereinafter), a special statute governing nationalised public sector banks listed in Schedule I thereof. The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 (Scheme of 1980) was formulated by the Central Government in exercise of its powers under section 9 of the Act of 1980, and was amended by the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2016 ("Scheme of 2016", hereinafter) with the approval of the Parliament to constitute the BBB for overseeing appointments on the Board of Directors of Public Sector Banks pursuant to the Report and Recommendations of Reserve Bank of Indias ("RBI", for short) P.J. Nayak Committee to Review Governance of Boards of Banks in India.