State Bank Of India vs Ravindra Nath

The Supreme Court addressed the appeal against the Bombay High Court's order that set aside the Bank's communication re-fixing the respondent's salary from US $ 1965 to US $ 1300 effective 01.01.2001. The Court held that the Bank acted within its rights under the employment contract, specifically Clause 7.3, which allowed for salary review and revision. The Court upheld the Bank's decision to revise the salary based on the availability of new Cost of Living Index data, affirming the legality of the salary adjustment.