MANJUSHREE PATHAK vs THE ASSAM INDS.DEV.CORPN.LTD.&ORS

The Supreme Court held that the appellant's application for voluntary retirement under the 'AIDC Voluntary Retirement Scheme, 1992' was valid and should have been accepted immediately upon submission. The Court emphasized that the Managing Director was the competent authority to accept such applications, and the delay in acceptance constituted a breach of the appellant's rights. Consequently, the Court ruled that the appellant was deemed to have retired from service as of 15.2.1996, and directed the respondent-Corporation to process her retirement benefits accordingly.