FED. OF BANK OF INDIA STAFF UNION . vs UNION OF INDIA

The Supreme Court upheld the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, particularly Section 9(3), which governs the nomination of Directors from the workman/employee category. The Court clarified that the Central Government's decision to reject the panel of nominees due to their insufficient residual service was valid and in accordance with the statutory requirements. Consequently, the appeal against the Bombay High Court's dismissal of the writ petition was dismissed, affirming the legality of the nomination process.