validity period has been extended and they have withdrawn their option they
should be deemed to be in service. Be it noted that none ... application is to be submitted. In the instant case, these options
were withdrawn after the stipulated date. It was pointed out that the High
Court
noticeable, has expressed the opinion that as the employees had not withdrawn their option prior to 1-8-2005 during the validity period ... stipulation contained in the option from to be filled up by the employees that the option once exercised cannot be withdrawn stands concluded
effect "option once used will be deemed to be final"--the option could be withdrawn prior to its acceptance. We are, therefore, clearly ... that the acceptance pf the option and its communication was necessary and the option already exercised could be withdrawn prior to its acceptance. Whereas
held in stock by him on the date on which the option is withdrawn or denied, within a period of thirty days from the date ... exercise the option to ascertain the value in terms of clause (b) for a financial year and such option shall not be withdrawn during
withdraw from the said option. There is no provision for return of the option form for cancellation of option. The intention of the respondent ... application. It has further to be borne in mind that the option was withdrawn before the conclusion of the second tripartite settlement on October
that the said option exercised, by the petitioners cannot be withdrawn subsequently, the option being irrevocable. Counsel submitted that the Supreme Court has time ... petitioners to deny the rights to the petitioners to withdrawn their option to go on voluntary retirement before they were effective and made operative
validity period has
been extended and they have withdrawn their
option they should be deemed to be in service. Be
it noted that none ... application is to be
submitted. In the instant case, these options were withdrawn
after the stipulated date. It was pointed out that the High Court
Union Of India vs Future Gaming Solutions P.Ltd. And ... on 11 February, 2025
2025
promotion to the post of Assistant Director
(Publication), however, she had withdrawn her option on
14.08.2020 for promotion to the post of Assistant Director
(Publication ... option so exercised and his option
would be treated as final and irrevocable for entire service
career, the petitioner exercised her option
petitioner met
second respondent and appraised him that he has withdrawn his option letter.
On 10.9.2 001, the second respondent furnished a copy ... exercising the option under the Scheme, there is no question of backing out or
withdrawing the option or revoking the option and such withdrawal
