V.T. KHANZODE & ORS. vs RESERVE BANK OF INDIA & ANR.

The Supreme Court examined the validity of the combined seniority list issued by the Reserve Bank of India under the Administrative Circular No.8 dated January 7, 1978, in light of Articles 14 and 16 of the Constitution. The Court held that the grouping of officers and the resultant seniority lists were consistent with the provisions of the Reserve Bank of India Act, 1934, specifically Section 58(1) and (2), which empower the Central Board to regulate service conditions. The Court upheld the retrospective operation of the seniority scheme, affirming that it did not violate constitutional rights to equality in service.