Bank 9th Bipartite : Allahabad High Court has issued notice to Indian Banks Association and Union of India - ALLCGNEWS

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15 June 2010

Home Unlabelled Bank 9th Bipartite : Allahabad High Court has issued notice to Indian Banks Association and Union of India

Bank 9th Bipartite : Allahabad High Court has issued notice to Indian Banks Association and Union of India


    On Friday  (11th June, 2010)  Division Bench  of Hon'ble Allahabad High Court has issued notice to Indian Banks  Association and Union of India to file their written statement  justifying contribution to Pension Fund equivalent to 2.8 times of the  November 2007 revised pay over and above the management's contribution  to the provident fund with interest for joining the Pension Scheme by  existing employees.

    It may be recalled here that on 20th May 2010, Hon'ble Judge  Sahi of the Allahabad High Court had rejected to interfere in the matter  on the ground of territorial jurisdiction. The Appeal was filed by  Punjab National Bank Workers Union, U.P. challenging the Orders of the
Single Judge.


    From  the Union of India, Attorney General appeared and objected. At the end,  after hearing arguments from both the side, the Division Bench passed  Orders directing Indian Banks Association and Union of India to file  their written statement on the points raised by the petitioners in the write petition



 
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