ALL INDIA BANK EMPLOYEES vs NATIONAL INDUSTRIAL TRIBUNAL & OTHERS(And Connected Petiti

The Supreme Court upheld the constitutionality of Section 34-A of the Banking Companies Act, 1949, which protects banking companies from disclosing confidential information regarding reserves. The Court ruled that this provision does not violate Article 19(1)(c) of the Constitution, as the right to form unions does not guarantee the achievement of their objectives without legal constraints. Additionally, the Court found no violation of Article 14, affirming that the law is applicable only to banking companies operating beyond one State and serves to balance labor interests with the stability of the banking sector.