NATIONAL TEXTILE COPR. (M.P.) LTD. vs M.R. JHADAV

The Supreme Court addressed the interpretation of a Voluntary Retirement Scheme (VRS) under Service Law, emphasizing that an employee's resignation under such a scheme is binding unless the employer communicates a decision to the contrary. The Court held that the appellant corporation's failure to relieve the respondent due to alleged non-availability of funds was unjustified, particularly as the retirement age was rolled back, potentially affecting the respondent's rights. The Court ordered the appellant to process the respondent's VRS application and grant him the benefits due under the scheme.