Allahabad Bank & Anr vs A.India Allahabad Bank Retired ...

The Supreme Court upheld the decision of the Allahabad High Court, affirming that retired employees of the Allahabad Bank are entitled to gratuity under the Payment of Gratuity Act, 1972, despite having opted for pension benefits. The Court clarified that the option for pension does not negate the statutory right to gratuity as per the provisions of the Act. Consequently, the Court directed the bank to comply with the payment of gratuity to the retired employees as mandated by law.