JAGATHIGOWDA C.N. vs CHAIRMAN, CAUVERY GRAMINA BANK

The Supreme Court held that the promotions made by the Cauvery Gramina Bank to the cadre of Senior Managers were invalid as they did not comply with the guidelines issued by NABARD under the Regional Rural Bank Act, 1976. The Court emphasized that adherence to the prescribed procedures for promotions is mandatory, and the failure to follow these guidelines led to the quashing of the promotions by the High Court. The appeal by the affected officers was dismissed, upholding the High Court's decision.