K.I.SHEPHERED vs UNION OF INDIA .

The Supreme Court addressed the amalgamation of banks under the Banking Regulation Act, 1949, specifically Section 45, which allowed for the exclusion of employees from transferee banks without prior notice or hearing. The Court held that the scheme-making process was legislative in nature and did not require adherence to the principles of natural justice, thereby affirming the validity of the exclusion of 125 employees. The Court dismissed the appeals, reinforcing that the approval of the schemes by the Reserve Bank of India rendered them final and unchallengeable.