Calcutta HC dismisses SBI VRS optees plea
By Our Banking Bureau | 29 Jun 2002
1
Kolkata:
Justice Alok
Chakraborty of the Calcutta High Court has dismissed a writ
petition filed by the SBI (VRS) Optee Officers Action Group
(Bengal), challenging the decision of the bank authority not to
accept the voluntary retirement scheme (VRS) of all the officers
of the bank.
In
the petition it was alleged that the bank authority illegally had
not accepted the VRS for all the officers and that it rejected the
prayer for VRS without showing any reason.
The bank stated that if all the employees take VRS, the functioning of the bank will collapse and that it is not in a position to face the financial burden of over Rs 500 crore to meet the claim of the writ petitioners.
