Ramesh Chandra Sharma vs Punjab National Bank & Anr

The Supreme Court upheld the dismissal of Ramesh Chandra Sharma, a bank manager, under the Punjab National Bank Officer Employees (Discipline & Appeals) Regulations, 1977, for negligence and misconduct in granting credit facilities, which jeopardized the bank's funds. The Court ruled that the continuation of disciplinary proceedings post-superannuation was valid, referencing the precedent in Disciplinary Authority-cum-Regional Manager vs. Nikunja Bihari Patnaik, 1996. The Court declined to reduce the penalty, affirming the disciplinary authority's decision.