https://www.taxtmi.com/caselaws?id=774930 Regulation 33 of the Central Bank of India (Employees') Pension Regulations, 1995 was read as a composite safeguard: where pension for a compulsorily retired employee is reduced below full pension, prior consultation with the Board of Directors is required before the order is passed. The consultation requirement applies as a pre-decisional condition and cannot be cured by post facto approval. The employee's pension right was treated as a protected property right, so strict compliance with the regulation was necessary. A reduction made without prior consultation was therefore invalid, though the Bank could take a fresh decision after hearing the employee and consulting the Board. en-us Tue, 15 Jul 2025 00:00:00 +0530 Thu, 17 Jul 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774930 Regulation 33 of the Central Bank of India (Employees') Pension Regulations, 1995 was read as a composite safeguard: where pension for a compulsorily retired employee is reduced below full pension, prior consultation with the Board of Directors is required before the order is passed. The consultation requirement applies as a pre-decisional condition and cannot be cured by post facto approval. The employee's pension right was treated as a protected property right, so strict compliance with the regulation was necessary. A reduction made without prior consultation was therefore invalid, though the Bank could take a fresh decision after hearing the employee and consulting the Board. Case-Laws Indian Laws Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774930