Sarv U.P.Gramin Bank vs Manoj Kumar Sinha

The Supreme Court ruled that the provisions of the Banking Regulation Act, 1949, particularly Section 46, empower banks to frame their own service regulations, which must be adhered to by employees. The Court emphasized that any deviation from these regulations by the bank must be justified and cannot be arbitrary. The appeal was dismissed, affirming the lower court's decision regarding the validity of the bank's service regulations.