United Bank Of India vs Pijush Kanti Nandy & Ors

The Supreme Court ruled that under Regulation 19 of the United Bank of India (Officers) Service Regulations, 1979, an officer employee who voluntarily retires is not entitled to pension benefits unless they fall within the specified eligibility criteria. The Court held that the respondent, having retired voluntarily in 1989, could not claim pension benefits under the United Bank of India (Employees) Pension Regulations, 1993, as he did not exercise the option within the stipulated time frame. Consequently, the High Court's order granting pension benefits was set aside, affirming the bank's decision.