Supreme Court · 2004 INSC 124 · Decided 24 February 2004

State Bank of Patiala v. Romesh Chander Kanoji and ORS.

Court
Supreme Court of India
Citation
2004 INSC 124 · [2004] 2 S.C.R. 615
Case number
CIVIL APPEAL No. 1252/2004
Decided
24 February 2004
Bench
V.N. KHARE, S.B. SINHA, S.H. KAPADIA (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Contract Act

Headnote

B Service Law: ,, Voluntary Retirement Scheme-State Bank of Patiala Voluntary Retirement Scheme-Clauses 5, 8, 9(i)-Employees opting for Voluntary c · Retirement Scheme-Withdrawal of application after closure of Scheme- Refusal by Bank-Justification of-Held: Scheme is an invitation to offer by the date of closure of scheme after which mode of acceptance would apply- Hence, employees precluded from withdrawing from the Scheme after its D closure-Contract Act, 1872. In terms of the ratio laid do'Wn by three Judge Bench of this Court in Bank of India v. O.P. Swarnakar's case employee

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