Punjab National Bank & Anr vs Bernard Lakra

The Supreme Court held that the respondent, an employee of Punjab National Bank, was entitled to full pay and allowances as subsistence allowance after one year of suspension, as per clause 5(a)(iii) of the Bipartite Settlement dated 8.9.1983. The Court distinguished the applicability of the Sastry Award and Desai Award, asserting that the investigation by CBI did not negate the respondent's entitlement to full subsistence allowance. The High Court's decision was upheld, affirming the respondent's rights under the Bipartite Settlement.