PUNJAB NATIONAL BANK vs MANJEET SINGH

The Supreme Court addressed the rights of deposit collectors under the Pygmy Deposit Scheme, affirming the Industrial Tribunal's award that recognized them as workmen under the Industrial Disputes Act, 1947. The Court upheld the Tribunal's directions for payment of back wages, incentive remuneration, and gratuity, while clarifying that the right to absorption as regular staff was not granted. The judgment reinforced the principle that deposit collectors are entitled to benefits akin to regular employees, despite their contractual status.