M/S. TAMIL NADU STATE TRPT. CORPORATION vs NATARAJAN .

The Supreme Court upheld the disciplinary action taken against the appellant, K.N. Gupta, under the Allahabad Bank's service regulations, citing the need for adherence to procedural norms in granting loans. The Court emphasized that the failure to observe necessary guidelines, such as obtaining No Dues Certificates and verifying land holdings, constituted misconduct under the bank's regulations. The judgment reinforced the principle that negligence in financial dealings can lead to disciplinary consequences, affirming the bank's authority to act against employees for such irregularities.