RAMESH CHANDRA SHARMA vs M/S. PUNJAB NATIONAL BANK

The Supreme Court upheld the dismissal of Ramesh Chandra Sharma, a bank manager, for misconduct under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The Court ruled that the disciplinary proceedings were valid despite the appellant's superannuation, affirming the High Court's reliance on the precedent set in Disciplinary Authority-cum-Regional Manager vs. Nikunja Bihari Patnaik [1996 (9) SCC 69]. The Court found no grounds to reduce the penalty, emphasizing the gravity of the charges proved against the appellant.