DEBASIS CHATTERJEE Vs. RESERVE BANK OF INDIA

JUDGEMENT

(1.) The main prayer in this writ petition is as follows:-

(2.) The petitioner was working as Assistant Manager at the Reserve Bank of India (in short 'RBI'), Calcutta. The petitioner received a letter dated 22 December, 2010 from the RBI alleging attempted unauthorized redemption of 6.5 per cent Savings Bond, 2003 for an amount of Rs. 35 lakhs by using User ID & password of the petitioner and asking for an explanation in that regard. The petitioner responded by his letter dated 12 January, 2011. In his reply, the petitioner, inter alia, stated that on or about 6 December, 2010 the instrument in question was placed before him for obtaining his signature from where for the first time he came to know about the incident. He searched for the relevant case papers but the same were found to be missing. Considering the serious nature and/or grave urgency of the matter he straight away brought the incident to the notice of AGM/HOD. In the said reply, the petitioner further stated as follows:-

(3.) A show cause notice dated 18 March, 2011 was served on the petitioner wherein it was stated that the reply of the petitioner to the Bank's letter dated 22 December, 2010 was not found to be satisfactory. The petitioner was called upon to show cause as to why disciplinary action would not be taken against him in terms of Regulation 47 of the RBI (Staff) Regulations, 1948 for having committed breach of Regulation 34 read with Regulation 32 of the said Regulations.