PUNJAB NATIONAL BANK, NEW DELHI vs K.C.CHOPRA

The Supreme Court addressed the retirement age of employees absorbed from government service into the appellant-Bank, specifically under the Punjab National Bank (Officers) Service Regulations, 1979. The Court held that the respondent, absorbed on 10.3.1972, was correctly retired at 58 years of age as per the regulations applicable to employees recruited after nationalization. The Court distinguished the case from H. C. Nakra's situation, where a lateral transfer was recognized, thus allowing for a different retirement age. The judgment affirmed the validity of the retirement age stipulated in the regulations.