Madras High Court has delivered the judgement in favour of the petitioners in the WP50000/2006 filed by the Treasurer of AICBRF (All India Canara Bank Retirees' Federation), Shri A B KasturiRangan (Ret'd Sr.Mgr, Canara Bank) and others.
It is a GREAT Victory for the pre-1/11/2002 retired pensioners as this is the
FIRST such one in Banking sector.
Communication from AICRBRF is reproduced below
Our Ref:46:2012
To:
All Affiliates, Office Bearers and Central Committee Members
Dear Sir,
Madras High Court Judgement on 100% D.A.Neutralisation
You may remember that a
batch of Writ Petitions were filed by the aggrieved pensioners of Canara Bank,
Bank of Baroda and Indian Overseas Bank in Madras High Court during 2006 on the subject
matter.
In our Bank, Sri
A.B.Kasturirangan & 20 Others from Chennai filed
the Writ Petition No.50000/2006 for payment of dearness
relief to Pre-01.11.2002 retirees at 100% D.A. Neutralisation on
the entire basic pension with effect from 01.02.2005 as paid in respect of
those who retired on or after 01.11.2002. The petitions were
heard by the Hon’ble High Court of Madras over a period of couple of months and
arguments were concluded on 30-10-2012
with
the Court reserving its orders.
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We
are glad to inform you that the Hon’ble Court has since been pleased to
pronounce its order today allowing the petitions and directing the respondent
banks to implement the order within three months of receipt thereof. Please wait for further details till we
receive copy of the judgement from the Madras High Court.
With Greetings,
Yours sincerely,
(S.V.Srinivasan)
General
Secretary
Mr. Kastoorigan and others who valiantly fought the legal battle deserve all the complements for the cause of the pre-2002 retirees which is verymuch legitimate and just. Thanks for their sustained struggle on the legal front.
ReplyDeleteTHE RETIREES /PENSIONERS HAVE BEEN FIGHTING A LONELY BATTLE SINCE OVER A DECADE , WHY NOT THE AIBOC OR THEIR AFFILIATES , WHICH HAVE NOW FLOATED RETIREES ASSOCIATIONS HELP THEM FINANCIALLY. AFTER ALL WE WERE ALL MEMBERS OF THE PARENT BODY AIBOC TOO FOR DECADES...IS IT NOT EXPECTED OF THEM TOHELP US...SUDENLY THEY FOUND LOVE FOR THE RETIREES, ONCE THEIR TOP OFFICE BEARERS RETIRED ON SUPERANNUATION AND ARE NOW PUMPING LAKHS OF RUPEES ON THESE ASSOCIATIONS...WONDERFUL
ReplyDeleteWE ONLY HOPE WISER COUNSEL WOULD PREVAIL UPON THE MANAGEMENTS AND THE IBA AND WOULD IMPLEMENT THE HON.MADRAS HIGH COURT'S VERDICT WITHOUT GOING TO SC
ReplyDeleteCongrats to all for this achievement.
ReplyDeleteMOHINDER PAL SINGH
Wonderful!
ReplyDeleteThe Bank managements should give up litigant attitude and implement the court order in good spirit.
Wonderful!
ReplyDeleteHope wisdom prevails with Bank managements in giving up the litigant attitude and implement the Hon Court's order in good spirit!
ALL AIBRF AFFILLIATED UNIONS MUST GO TO SUPREME COURT IF IBA GO FOR APPEAL To Implement AT EARLIEST this verdict is challenge
ReplyDeleteshound this judgement applicable to all pre retirees of 1/11/2002?
ReplyDeleteSurely IBA and banks will take the route to appeal S/C and delay the implementation!!
M S RAJARAO JANUARY 8th,2013 please let me know whether a circular is released from state bank of mysore calling for 2nd pension option for left over vrs optees in terms of iba circular dated 09.11.2012
ReplyDelete