Promotees Allowed to Challenge Provisional Seniority List in Dispute Between Direct Recruitment and Promotion: Kerala High Court Frivolous Defenses Cannot Justify Leave to Defend Under Order XXXVII CPC Delhi High Court Candidates Merely Enrolled in Final Year B.V.Sc. Program Ineligible for Veterinary Officer Recruitment: Rajasthan High Court Manufacturing or Sale of Garments Does Not Attract Copyright Protection; Procedural Violations Under Trade Marks Act Renders Prosecution Unsustainable: P&H High Court Ownership Alone Is Not Sufficient to Maintain Eviction Suit; Plaintiff Must Qualify as a Lessor Under Lease Agreement: Calcutta High Court Findings Based on Evidence Cannot Be Interfered With in a Second Appeal Without Substantial Question of Law: AP High Court Chain of Circumstances Broken: Inferences Cannot Replace Proof Beyond Reasonable Doubt: Kerala High Court Bail | Prolonged Incarceration Without Trial Violates Article 21 of the Constitution: Bombay High Court Encroachment on a Common Lane Gives Rise to Recurring Cause of Action: Madras High Court Holds Limitation Act Inapplicable to Pathway Disputes Reproductive Autonomy Includes the Right to Abort Without Spousal Consent: P&H High Court Access to Writ Jurisdiction Under Article 226 is Not an Absolute Bar Against MSEFC Awards: Supreme Court Refers Key Questions on Writ Jurisdiction to Larger Bench Civil Court Jurisdiction Not Ousted for Title and Mortgage Disputes Under SARFAESI Act: Supreme Court Principle of Bail is the Rule, Jail is the Exception: Supreme Court Panchayat Law | Mandatory Compliance With Section 34 And Rule 3 Is Non-Negotiable In Resignation Cases: Bombay High Court Quashes Resignation Of Upa-Sarpanch Recovery of Bullet Fired from Accused’s Weapon Crucial: PH High Court Reaffirms Conviction in Murder Case Injured Witness Evidence Carries Built-in Reliability Unless Contradicted Significantly: Kerala High Court Partly Allows Appeal in Murder Case Civil Dispute with Criminal Elements Cannot Be Quashed Under Section 482 Cr.P.C.: Karnataka High Court Issuance of Summons Under Section 91 CrPC During Preliminary Verification is Without Jurisdiction: High Court of J&K and Ladakh Article 21 Prevails Over NDPS Act’s Section 37 Restrictions in Cases of Prolonged Incarceration: Delhi High Court Once a Property is Waqf, It Remains Waqf Perpetually: Calcutta High Court Affirms No Secular Ownership Can Derive from Waqf Properties Surveillance Without Opportunity to Object Violates Articles 14, 19, and 21: Allahabad High Court Quashes Class-B History Sheets Mandatory Provisions of Order XXI CPC Were Violated, Rendering the Auction Sale Illegal: Punjab and Haryana High Court

 High Court Upholds Major Penalty in Central Bank of India Case: “No Leniency for Breach of Financial Trust” 

07 May 2024 8:19 AM

By: Admin

 August 18, 2023

In a significant verdict delivered today, the   High Court of Judicature at Allahabad   upheld the major penalty imposed on Ramesh Chandra Pandey, a former bank employee of Central Bank of India, in a case that had garnered attention due to its implications on financial probity in the banking sector.

The Hon’ble Justice Kshitij Shailendra, who presided over the case, declared that the punishment awarded to Mr. Pandey was just and proper, stating, “Good conduct and discipline are inseparable from the functioning of every officer/employee of the bank.” The court emphasized that bank officers are entrusted with safeguarding the interests of depositors and customers, making it imperative for them to uphold the highest standards of honesty and integrity.

Mr. Pandey had been facing charges related to financial misconduct during his tenure at Central Bank of India. The charges included misappropriation of credit entries, altering financial records, and abusing his official position for personal gains. Despite earlier interventions by the court, the disciplinary proceedings ultimately concluded with a consolidated punishment of dismissal from service.

The court’s ruling stressed the significance of financial integrity in the banking sector, citing precedents where similar actions had been deemed violations of trust. The judgement further underlined that bank employees are held to a higher standard of conduct due to their role as custodians of public trust and finance.

This verdict underscores the judiciary’s commitment to maintaining the sanctity of financial institutions and reinforcing the importance of ethical behavior among employees. As the case sets a precedent for the banking industry, legal experts anticipate that it will prompt financial organizations to exercise greater vigilance in ensuring the conduct of their employees aligns with the highest ethical standards.

D.D on 18.08.2023

Ramesh Chandra Pandey vs  Central Bank Of India And Others

[gview file="https://lawyer-e-news.com/wp-content/uploads/2023/08/Document_1_401.pdf"]

Similar News

  • by Admin
    07 May 2024 2:49 AM
Income tax returns not a foolproof defence against a charge of acquisition of assets disproportionate under the PC – SC
  • by Admin
    07 May 2024 2:49 AM
There could be no question of being permitted to reinstate after acceptance of the resignation.-SC
  • by Admin
    07 May 2024 2:49 AM
Appeal filed by Adani Gas Ltd seeking authorisation for city gas distribution network in three areas of Ahmedabad District in Gujarat with a cost of Rupees 10 lakhs. SC
  • by Admin
    07 May 2024 2:49 AM
Forcing to DNA test is violation of violate his personal liberty and right to privacy. – SC
  • by Admin
    07 May 2024 2:49 AM
Not interfere with the findings of fact recorded after appreciation of evidence merely because the High Court thought that another view would be a better view U/S 100 C.P.C - SC