Supreme Court · 2010 INSC 122 · Decided 25 February 2010
New India Assurance CO. LTD. v. Raghuvir Singh Narang & ANR.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 122 · [2010] 4 S.C.R. 299
- Case number
- CIVIL APPEAL No. 3295/2009
- Decided
- 25 February 2010
- Bench
- R.V. RAVEENDRAN, K.S. RADHAKRISHNAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act
Headnote
Service Law: A B General Insurance (Rationalization of Pay Scales and c Other Conditions of Service of Development Staff) Amendment Scheme 2003: Special Voluntary Retirement Package - Para 5, Clauses (3), (4) and (5) - Employees opting for the Scheme - Later withdrawing the option the offer, D relieved the employees - HELD: Where the voluntary retirement is governed by a contractual scheme, as contrasted from a statutory scheme, the principle of contract relating to offer and acceptance will apply and consequently the letter of voluntary retirement will be considered as
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