HARYANA STATE COOP. LAND DEV. BANK LTD. vs HARYANA STATE C.L.D.BANKS EMPS.UN.&ANR.

The Supreme Court addressed the entitlement of employees of Primary Agricultural Cooperative Banks to receive bonuses at the same rate as employees of the Apex Bank under the Haryana Cooperative Society Act, 1984. The Court held that the High Court's decision to grant bonus parity was erroneous, emphasizing that the Primary Banks are distinct entities with separate financial identities and obligations under the Payment of Bonus Act, 1965, particularly referencing the third proviso to Section 34. The judgment reversed the High Court's ruling, clarifying that the financial results of the Apex Bank cannot be aggregated with those of the Primary Banks for bonus calculations.