BANKING:The Supreme Court has ruled that a bank employee can claim pension and encashment of leave even when removed from service .An employee's heirs are entitled to superannuation benefits.
The case pertained to the denial of the claims of late S.K.Kool who was removed from service "as a measure of punishment" by Bank of Baroda.In response to a special leave petition by the Bank,Justice Chandramouli Kumar Prasad ruled on December 11 that employee's heirs are entitled to superannuation benefits.
Courtesy:business line dated 13.01.2014
The case pertained to the denial of the claims of late S.K.Kool who was removed from service "as a measure of punishment" by Bank of Baroda.In response to a special leave petition by the Bank,Justice Chandramouli Kumar Prasad ruled on December 11 that employee's heirs are entitled to superannuation benefits.
Courtesy:business line dated 13.01.2014