RATNAKAR BANK LTD Vs. BANK EMPLOYEES UNION KOLHAPUR

JUDGEMENT

(1.) This petitioner has been filed by the Ratnakar Bank, Ltd., with its head office at Kolhapur. The facts which have led to this petition are shortly the following.

(2.) On a dispute regarding wages and the fixation of the grades an award was given in reference (I.C.) Nos. 109 to 113 of 1963 on 25 July, 1964. Categories of the employees of the bank were then fixed in four grades.

(3.) The lowest grade was of the peons with a salary from Rs. 35 to 75, the next higher grade III was of clerk from Rs. 75, to 180; grade II was for sub-accountants, supervisors and/or inspector and cashiers Rs. 100 - 230 and the highest grade I was for accountants and branch managers Rs. 125 - 300. While this dispute was pending and the award had not materizlized, one A. J. Desai was appointed as a trainee at Vadgaon from 1 June, 1964.