Supreme Court · 2006 INSC 682 · Decided 29 September 2006
Beed District Central Co-Operative Bank LTD. v. State of Maharashtra and ORS.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 682 · [2006] SUPP. 6 S.C.R. 895
- Case number
- CIVIL APPEAL No. 4327/2006
- Decided
- 29 September 2006
- Bench
- S.B. SINHA, DALVEER BHANDARI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
B Payment of Gratuity Act, 1972-Section 4-Payment of gratuity­ Employer's gratuity Scheme envisaging rate of gratuity at the rate of 26 days' wages/or every completed year of service with a ceiling limit of Rs. 2,50,0001 C -Act of 1972 envisaging 15 days' wages with a ceiling limit of Rs. the Act- Entitlement of-Held: Either the contract or the statute has to be given effect-Workman is not at liberty to opt for better terms of contract, while keeping option open regarding part of the statute-Thus, workman cannot opt for both. D Interpretation of Statutes-Beneficial
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