https://www.taxtmi.com/caselaws?id=172577 Regulation 46(1) of the Allahabad Bank Officers Service Regulations, 1979 extended pension in lieu of gratuity only to officers in service on or before 01.07.1979, excluding those recruited or promoted later. On that basis, an employee who was a clerk on the cut-off date and became an officer in 1983 was not entitled to the old pension scheme. The regulation was also treated as a valid prospective classification: a cut-off date in a pension scheme is permissible when supported by objective and rational considerations, including financial implications, and it did not amount to hostile discrimination or exceed the statutory framework under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. en-us Mon, 21 Feb 2011 00:00:00 +0530 Fri, 29 Apr 2022 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172577 Regulation 46(1) of the Allahabad Bank Officers Service Regulations, 1979 extended pension in lieu of gratuity only to officers in service on or before 01.07.1979, excluding those recruited or promoted later. On that basis, an employee who was a clerk on the cut-off date and became an officer in 1983 was not entitled to the old pension scheme. The regulation was also treated as a valid prospective classification: a cut-off date in a pension scheme is permissible when supported by objective and rational considerations, including financial implications, and it did not amount to hostile discrimination or exceed the statutory framework under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Case-Laws Indian Laws Mon, 21 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172577