STATE BANK OF PATIALA vs RAMESH CHAND KANOJI .

The Supreme Court examined the Voluntary Retirement Scheme (SBPVRS) issued by State Bank of Patiala, emphasizing that applications submitted under the scheme are irrevocable as per Clause 9(i). The Court held that the withdrawal of applications after the closure date of the scheme is not permissible, affirming the bank's discretion in accepting or rejecting applications based on operational requirements. The judgment clarified the binding nature of the scheme's terms and upheld the bank's authority in managing employee retirements under the SBPVRS.