Power Finance Corporation Ltd vs Pramod Kumar Bhatia on 17 March, 1997
15.
Learned counsel for the appellant also relied on a two-Judge Bench
decision in Power Finance Corpn. Ltd. v. Pramod Kumar Bhatia. That
was a case where the letter of voluntary retirement was conditionally
accepted subject to payment of dues and the employee wrote a further
letter seeking adjustment thereof but before that was done, the
scheme itself was withdrawn. There are again some observations made
to the effect that there must be acceptance of request to retire and
that it must be communicated. Neither Dinesh Chandra Sangma nor
Shelat was referred to. In our opinion, the express provision in the
proviso to sub-rule (2) of Rule 5.32(B) in the case before us does
not permit such a view to be taken. The said observations again run
contrary to the decision in the two three-Judge Bench cases referred
to above. Our comments on Baljit Singh apply equally to this case, so
far as the observations are concerned.