1. Twenty years of wait ends, as High Court orders for pension to former bank chief

Twenty years of wait ends, as High Court orders for pension to former bank chief

After twenty years of wait, the Bombay High Court had ordered the central government to provide a retired Chairman and Managing Director (CMD) of Bank of India (BOI) with all benefits and arrears with interest starting from 1995.

By: | New Delhi | Published: November 7, 2016 9:28 AM
Though the two decade of wait for pensions ended as the High Court slammed the ministry for its 'arbitary' action and 'non-application of mind'.(Reuters) Though the two decade of wait for pensions ended as the High Court slammed the ministry for its ‘arbitary’ action and ‘non-application of mind’.(Reuters)

After twenty years of wait, the Bombay High Court had ordered the central government to provide a retired Chairman and Managing Director (CMD) of Bank of India (BOI) with all benefits and arrears with interest starting from 1995. The government had denied pensions to the retired CMD, citing early promotion given to him.

Folllowing 30 years of service in public sector banks, Gajanan Dahotre (80) claimed that he was promoted to a ‘board level’ post as a whole time director, after nine years in career level post, by the finance ministry. But the finance ministry denied him of pensions, stating that the new pension rules required ten years of service in ‘career level’ posts.

Though the two decade of wait for pensions ended as the High Court slammed the ministry for its ‘arbitary’ action and ‘non-application of mind’.

Starting his career as a probationry assistant at the State Bank of India, Dalhotre was appointed as the full time director of the Dena Bank, in 1986, by the Finance Ministry, even after having 1 year less service experience to recieve provident fund and gratuity.

Hearing the plea by Dalhotre’s council the court stated, “”not in a position to change the timing of his promotion that resulted in denial of his pension, though he worked for 38 years. The concept of public service cannot be considered so narrowly when Dahotre had risen to the call of duty for benefit of the government by serving with another nationalised bank.”

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