State Bank'S Staff Union Madras vs Union Of India & Ors

The Supreme Court upheld the constitutional validity of Section 43-A of the State Bank of India Act, 1955, introduced by the Banking Laws (Amendment) Act, 1984, which restricts the payment of bonuses to employees of the State Bank of India to those mandated by the Payment of Bonus Act, 1965. The Court ruled that the amendment was a legitimate exercise of legislative power and did not infringe upon the judiciary's authority, thereby affirming the dismissal of the writ petition challenging the amendment. The judgment clarified that the amendment's provisions override any customary practices or previous judicial decisions regarding bonus payments.