RESERVE BANK OF INDIA vs A K NAIR

The Supreme Court directed the Reserve Bank of India to grant a notional promotion to Mr. Nair from 2006, with actual promotion effective from 2014, and ordered the computation and release of monetary benefits accordingly. The Court emphasized that the promotion should be considered for computing retiral benefits, given Mr. Nair's impending retirement. The appeal was disposed of with parties bearing their own costs, ensuring the promotion and benefits were granted as per the Court's directions. The judgment underscores the importance of timely promotion and its impact on retirement benefits.