VIJAY S. SATHAYE vs INDIAN AIRLINES LTD. .

The Supreme Court upheld the High Court's dismissal of the petitioner's claim for voluntary retirement under the Voluntary Retirement Scheme (VRS) as he failed to comply with Regulation 12(b) requiring a three months' notice. The Court noted that the petitioner's argument regarding the adjustment of earned leaves in lieu of notice was rightly rejected. The Court emphasized that adherence to the procedural requirements of the VRS is essential for its acceptance, leading to the conclusion that the petitioner's application was invalid due to non-compliance with the stipulated notice period.