V.K. JAIN Vs. THE MANAGING DIRECTOR

JUDGEMENT

(1.) INSTANT petition has been filed by an officer of Middle Management Grade Scale -III who stood retired on 31.01.2010 with the grievance that the procedure adopted by the respondent bank in releasing commutation of pension to a retired person is discriminatory and arbitrary and he too needs indulgence of this Court for maintaining parity amongst the retired officers to whom commutation has been permitted by the bank who too are facing departmental/judicial enquiry, in clear ignorance of Reg. 47 of the State Bank of Bikaner and Jaipur (Employees') Pension Regulations, 1995 (Regulations, 1995).

(2.) AT the first instance it will be appropriate to quote Reg. 46 & 47 of the Regulations, 1995 which is relevant for the present purpose reads ad infra: -

(3.) THE petitioner further submits that despite specific Reg. 47 under the scheme of Regulations, 1995 commutation has been permitted to such of the retirees who are facing either departmental/judicial enquiry and were pending on the date of commutation being released and according to him it is still pending before the appropriate competent authority.