CENTRAL BANK OF INDIA vs M. SETHUMADHAVAN .

The Supreme Court addressed the validity of the cut-off date for gratuity payment as per Proviso 2 to Regulation 46(2) of the Nationalised Banks' Regulations. The Court upheld the fixation of the cut-off date for gratuity calculation, stating it does not violate Articles 14 and 16 of the Constitution, and referenced the Full Bench decision of the Kerala High Court. The Court concluded that the appellants are justified in their approach and are not bound to pay arrears for those who retired before the specified date, affirming the legality of the regulations in question.