SBI chief faces contempt of court charges
By Our Banking Bureau | 11 Jul 2002
Bangalore: A division bench of the Karnataka High Court has directed the State Bank of India chairman and 10 other officers to stand trial on contempt of court charges for producing "fabricated" documents in a voluntary retirement scheme (VRS) case.
Justices
M F Saldhana and N K Patil have taken a serious view of production
of "totally fabricated" and two false affidavits by the
bank in an extremely serious litigation. The two judges have
issued contempt notices and refused to drop the proceedings
despite elaborate arguments put forth by Additional Solicitor
General of India A R Rohtagi, who appeared for the bank.
The case had originally come up before a single bench, in which one of the officers had questioned the eligibility of certain officers for the VRS. The single judge directed SBI to re-examine all the applications and take a fresh decision on 30 March 2001.
SBI, however, went on an appeal against the order and one of the officers took out contempt proceedings on the ground that the bank had failed to comply with the court directions.
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