HEC VOLUNTARY RETD.EMPS.WELFARE SOC.&ANR vs HEAVY ENGINEERING CORPORATION LTD.

The Supreme Court addressed the applicability of the revised pay scales under Circular No.5/97 to employees who opted for voluntary retirement under the scheme dated 22.10.1990. The Court held that the benefits of the revised pay scales, effective from 1.1.1992, do not extend to employees who voluntarily retired, as per the stipulations in clauses 3.2 and 3.3 of the circular. The judgment clarified that the terms of the voluntary retirement scheme and the subsequent circular must be interpreted together, leading to the dismissal of the appeals.