Beed District Central Co-Operative ... vs State Of Maharashtra And Ors

The Supreme Court held that under the Payment of Gratuity Act, 1972, specifically Section 4, employees are entitled to gratuity based on completed years of service, with a ceiling limit that can be amended by the employer. The Court found that the respondents, upon retirement, were entitled to the benefits of both the Bank's gratuity schemes and the increased ceiling limit under the Payment of Gratuity (Amendment) Act, 1998. The Court upheld the decision of the lower authorities in favor of the employees, affirming their entitlement to the higher gratuity amount.