We reproduce below article by Shri R.K. Pathak in light of recent judgement by Supreme Court in LIC Resignee case.
It is now known fact that Banks and IBA [ Voluntary Association of Management of Bank] are unjustifiedly denying the legitimate claim of the Bank Resignees despite clear cut judgments in following cases:-
1) D. Malleshwar Rao Vs Andhra Bank
2) S. K Kool Vs Bank of Baroda
3) Smt. Shashikala Devi Vs Central Bank of India
4) Vijaya Bank Vs M Narsimhappa
Banks and IBA are not only denying lawful claims of Resignee [ Left Over Category] but also through battery of lawyers taking advantage of its own wrong and seeking judgments against financially weak litigants by suppressing the facts & also filing special leave petitions and review in the High Courts.
SUPREME COURT DISTINGUISH M R PRABHAKAR Vs CANARA BANK JUDGEMENT ON RESIGNATION
1) D. Malleshwar Rao Vs Andhra Bank
2) S. K Kool Vs Bank of Baroda
3) Smt. Shashikala Devi Vs Central Bank of India
4) Vijaya Bank Vs M Narsimhappa
Banks and IBA are not only denying lawful claims of Resignee [ Left Over Category] but also through battery of lawyers taking advantage of its own wrong and seeking judgments against financially weak litigants by suppressing the facts & also filing special leave petitions and review in the High Courts.
Banks and IBA are relying on UCO Bank Vs
Sanwarmal, Canara Bank Vs M R Prabhakar judgments and with forceful argument from battery of
lawyers made successful attempt to sideline the principle laid down in Sheel
Kumar Jain Vs New India assurance Company.
