The Reserve Bank Of India vs M.T. Mani

The Supreme Court examined whether the Reserve Bank of India (RBI) could deny pension benefits to an employee who exercised his option under RBI Regulations, despite the employee's retirement date being prior to the implementation of the pension scheme. The court analyzed the validity of the RBI Circular and the employee's right to pension from the date of retirement. It upheld the employee's claim for pension from the date of retirement, emphasizing the importance of adherence to the circular and regulations. The judgment clarified the rights of employees regarding pension options under RBI regulations.