State Bank of India & Ors Vs. H.C. Agarwal & Anr  Insc 78 (3 February 2005)
Singh & B.N. Srikrishna B.P.Singh,J.
have heard counsel for the parties.
having gone through the material on record, we suggested to the parties to
settle their disputes and we are happy to record that they have settled their
disputes in a reasonable manner.
result, with the consent of the parties, the impugned judgment and order of the
High Court is set aside. The respondent No.1 shall be deemed to have retired
from service of the Bank on 31st January, 1998 and the Bank shall accordingly
work out the additional amount that may become payable to the respondent, since
the earlier calculation was on the basis that he had retired from service with
effect from 30th November, 1997.
outstanding in the house loan account of respondent No.1 as on date stands at
Rs.3,78,476.65. As against this, there is a sum of Rs.3,43,000/- in the Term
Deposit Receipt Account of the respondent No.1. The Bank shall adjust the
amount in the said TDR Account against the total outstanding in the house loan
account in full and final settlement of all dues payable against house loan
account. Nothing further shall be payable by respondent No.1 to the appellant
Bank on this account.
pension which has not been paid to the respondent No.1, shall be paid within a
period of three months, and the respondent No.1 will sign the necessary papers
immediately on presentation, and will not make any excuses for not signing the
pension papers. This order is passed in full and final settlement of all
disputes between the parties. Future pension shall be paid in accordance with
appeal stands disposed of in the above terms.