B.S. YADAV & ANR. vs CHIEF MANAGER, CENTRAL BANK OF INDIA & ORS.

The Supreme Court upheld the validity of Regulation 19 of the Central Bank of India (Officers) Service Regulations, 1979, which stipulates different retirement ages for officers based on their recruitment date, specifically allowing those recruited before July 19, 1969 to retire at 60 years and those recruited thereafter at 58 years. The Court found this classification reasonable and not violative of Articles 14 and 16 of the Constitution, affirming that the differentiation was justified in the context of service conditions post-nationalization under Section 12(2) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The petition challenging the retirement age was dismissed, confirming the legality of the regulations in question.