PRAKASH ATMARAM ATRE vs THE DECCAN MARCHANTS CO-OP. BANK LTD.

1. Heard Mr A.S. Rao, the learned counsel for the Appellant. 2. This Appeal takes exception to the order dated 03 November 2004 made by the learned Single Judge of this APP-238.06.DOCX Court dismissing the Appellant’s Writ Petition No.2611 of 2004. 3. The skeletal facts in which this Appeal arises are set out below: - (a) The Appellant, vide appointment letter dated 17 November 1978, was appointed as the Managing Director of the Deccan Merchants Co-op. Bank Ltd. (Co-op. Bank) on the terms and conditions set out therein. It is the Appellant’s case that his service conditions were governed under the by-laws in force till 13 December 1984, and further under the new by-laws which came into effect from 14 December 1984. (b) In certain circumstances and on certain grounds referred to in the minutes of the meeting of the Board of Directors of the Co-op. Bank held on 04 December 1985, the services of the Appellant came to be terminated. (c) Based on the resolution passed in the above meeting of 04 December 1985, the Vice Chairperson of the Co-op. Bank by letter dated 04 December 1985 terminated the services of the Appellant, invoking Clause 9 of the appointment letter dated 17 November 197