ANDHRA BANK vs ANDHRA BANK OFFICERS

The Supreme Court interpreted Regulation 26 of the Andhra Bank (Officers) Service Regulations, 1982, framed under Section 19 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. The Court held that the use of the Bank's car for personal purposes is restricted to authorized officers and must comply with government guidelines. The judgment clarified the regulatory framework governing the use of bank resources, emphasizing adherence to established regulations and the authority of the Board of Directors in such matters.