Assistant G.M. State Bank Of India & Ors vs Radhey Shyam Pandey

The Supreme Court held that once an employee's application for voluntary retirement is accepted, the employer-employee relationship is terminated, regardless of the effective date of retirement. The Court referenced the State Bank of India Act, 1955 and the State Bank of India Employees Pension Rules, 1995, affirming that the refusal to allow withdrawal of the voluntary retirement application was justified as the withdrawal period had lapsed. The Court upheld the High Court's decision, dismissing the appeal and confirming the termination of the employment relationship upon acceptance of the retirement application.