T.V.KRISHNAN & ORS vs M/S ALL BANK FINANCE LTD. & ORS.

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 4th April, 2025 W.P.(C) 12450/2006 T.V. KRISHNAN & ORS .....Petitioners Through: Mr. R.P. Sharma, Advocate with Petitioner No. 2 in person. versus M/S ALL BANK FINANCE LTD. & ORS. .....Respondents Through: Mr. Rajesh Kr. Gautam, Mr. A. Gautam, Mr. K.N. Sahay, Mr. Deepanjal Choudhary, Ms. Likhvi, Advocates for R-1 and R-2. Ms. Saroj Bidawat, Senior Panel Counsel for UOI/R-3. CORAM: HON'BLE MS. JUSTICE JYOTI SINGH JUDGEMENT JYOTI SINGH, J. 1. This writ petition is preferred under Article 226 of Constitution of India whereby Petitioners seek revisions in their salaries and allowances at par with officers of erstwhile Allahabad Bank which merged with Indian Bank, along with arrears and interest @ 9% p.a. compounded monthly from the date payments became due till date of actual payments. Petitioner No.2 additionally seeks due increments and promotions w.e.f. 01.04.2014, which were denied only due to pendency of this writ petition, with consequential benefits. 2. Case of the Petitioners as averred in the writ petition and to the extent relevant is that Petitioner No.1 joined All Bank Finance Ltd. (‘All Bank’) on 17.03.1992 as