2024 LLR WEB 23 (SUPREME COURT OF INDIA)
Compulsory retirement is no ground for forfeiture of gratuity

PAYMENT OF GRATUITY ACT, 1972 - Punjab National Bank (Officers'') Service Regulations, 1979 - Punjab National Bank Officer Employees'' (Discipline and Appeal) Regulations 1977 - Payment of Gratuity - Held, Gratuity Act make it clear that forfeiture of gratuity may be directed to the extent of damage or loss so caused or destruction of property belonging to employer - Gratuity shall become payable to every officer except in a case of termination of service in any other way, by way of punishment after completion of 10 years of continuous service - Gratuity is payable to the Appellant under 1979 Regulations in terms of the explanation under the said Circular - Not a case of riotous behaviour of appellant or his involvement in any criminal case - As per the 1977 Regulations, compulsory retirement removal from service which shall not be a disqualification for future employment - Division Bench erred in reversing the judgment of the learned Single Judge. [Paras: 17, 20, 22, 23, 24, 26, 27]... subscribe to read more..