Bank Of Baroda & Ors vs Ganpat Singh Deora

The Supreme Court held that under the Bank of Baroda (Employees Pension) Regulations, 1995, specifically Regulation 28, an employee who opts for voluntary retirement after completing 15 years of service is entitled to pension. The Court found that the respondent, having completed only 13 years of service but being over 40 years of age, was incorrectly denied pension benefits after voluntary retirement. The Court upheld the Industrial Tribunal's award directing the Bank to grant pension from 1.4.2001, emphasizing the importance of adhering to the amended regulations.