SURJEET SINGH BHAMRA vs BANK OF INDIA .

The Supreme Court upheld the decision of the High Court, affirming the punishment imposed on the appellant under Regulation No.4(1) of the Bank of India Officer Employees’ (Discipline & Appeal) Regulations, 1976, which reduced the appellant's pay by five stages for three years due to irregularities in loan disbursement. The Court held that the disciplinary authority acted within its jurisdiction and that the appellant's unconditional acceptance of the charges precluded him from challenging the punishment. Consequently, the appeal was dismissed, confirming the High Court's ruling.