GWALIOR DISTRICT CO-OPERATlVE CENTRAL BANK LTD. GWALIOR vs RAMESH CHANDRA MANGAL AND ORS.

The Supreme Court upheld the High Court's decision that the termination of the respondent's services was invalid as it was executed by an unauthorized person, S.P. Jain, in violation of Section 53(4) of the Madhya Pradesh Co-operative Societies Act, 1970. The Court emphasized that the powers of the Apex Bank were limited and could not delegate authority not conferred by the Registrar. Consequently, the appeal by the Bank was dismissed, affirming the reinstatement of the respondent with costs.