Punjab National Bank & Ors vs Ram Kishan

The Supreme Court addressed the issue of entitlement to pension under the Punjab National Bank (Employees) Pension Regulation 1995, specifically Regulation 28, which mandates a minimum of 15 years of service for pension eligibility. The Court held that the respondent, having only completed 14 years, 2 months, and 19 days of service at the time of voluntary retirement under the Punjab National Bank Employees Voluntary Retirement Scheme 2000, was not entitled to pension benefits. The Court affirmed the lower courts' decisions, emphasizing that acceptance of the voluntary retirement application did not waive the statutory requirement for pension eligibility.