STATE BANK OF BIKANER & JAIPUR & OTHERS vs JAG MOHAN LAL

The Supreme Court held that under Regulation 19(1) of the State Bank of Bikaner & Jaipur (Officers’) Service Regulations, 1979, an officer has a legitimate right to retire at 58 years but no right to extension beyond that age unless granted by the Bank. The Court clarified that the Bank has discretion to extend service based on continued utility, good health, and integrity, and that the High Court misinterpreted the legal rights of the respondent. The appeal of the Bank was allowed, affirming that the decision to deny extension was not arbitrary but based on the Bank's assessment of the officer's suitability.