Punjab National Bank And Ors vs Manjeet Singh And Anr

The Supreme Court addressed the rights of deposit collectors under the Pygmy Deposit Scheme, affirming that they are classified as workmen under the Industrial Disputes Act, 1947. The Court upheld the Industrial Tribunal's award which mandated certain benefits including back wages, incentive remuneration, and gratuity, while clarifying that the Tribunal has the jurisdiction to award gratuity outside the Payment of Gratuity Act. The appeal by the Indian Banks Association was dismissed, confirming the Tribunal's directions except for the absorption of collectors as regular staff.