Chairman,State Bank Of India & Ors vs H.C. Agarwal & Anr

The Supreme Court, upon hearing the parties, facilitated a settlement of disputes regarding the retirement of respondent No.1 from the Bank. The Court set aside the High Court's order, declaring that respondent No.1 retired on 31st January 1998, and directed the Bank to adjust the outstanding house loan against the Term Deposit Receipt. The Court mandated that the unpaid pension be disbursed within three months, establishing the principle that consent settlements can resolve employment disputes effectively.