MARATHWADA GRAMIN BK.KARMCH.SANGTN. vs MANGT.OF MARATHWADA GRAMIN BANK .

The Supreme Court upheld the applicability of Section 12 of the Employees Provident Fund and Miscellaneous Provisions Act, 1952, which prohibits employers from reducing employee benefits under the provident fund scheme. The Court ruled that Marathwada Gramin Bank could not discontinue excess provident fund contributions despite its financial losses, as the statutory scheme must be adhered to. The judgment affirmed the Tribunal's decision that the bank's unilateral change in provident fund contributions was impermissible under the law.