CHAIRMAN,STATE BANK OF INDIA vs H.C. AGARWAL

The Supreme Court set aside the High Court's judgment with the consent of the parties, establishing that the respondent No.1 is deemed to have retired from the Bank on January 31, 1998. The Court ordered the Bank to adjust the outstanding amount in the house loan account against the Term Deposit Receipt Account of the respondent, concluding all dues. Additionally, the Court mandated that the unpaid pension be disbursed within three months, ensuring compliance with necessary formalities by the respondent.