Jagdish Lal Gambhir vs Punjab National Bank & Ors

The Supreme Court upheld the dismissal of Gambhir's writ petition challenging his termination from the Punjab National Bank, affirming that the bank was obligated to take over his services post-amalgamation under the principles established in K.I. Shephard v. Union of India. The Court found that the disciplinary proceedings initiated against Gambhir were valid, as he had previously been charged with irregularities in loan sanctioning, and the inquiry confirmed his failure to uphold the bank's lending norms. Consequently, the Court ruled that the termination was not vitiated and upheld the High Court's decision.