National Textile Corporation (M.P.) ... vs M.R. Jhadav

The Supreme Court addressed the interpretation of a Voluntary Retirement Scheme (VRS) under Service Law, specifically in relation to the respondent's application for retirement effective from 31.07.2000. The Court held that the employer's failure to relieve the employee due to non-availability of funds was unjustified, emphasizing that the employee's right to retire under the VRS should be honored. The Court directed the appellant to implement the VRS and pay the admissible dues to the respondent, thereby upholding the principles of fairness and contractual obligations in employment.