Chennai Court April 2000 Judgments

Rajasubramaniyam P. Vs. Indian Overseas Bank and ors.

Court: Chennai

Reported in: (2000)IILLJ1620Mad

Prabha Sridevan, J.1. The writ-petitioner, who is the appellant has challenged the order of the termination, dated December 8, 1986, passed by the disciplinary authority, the third respondent herein and confirmed by the second respondent-appellate authority.2. The writ-petitioner, who is an officer of the Indian Overseas Bank, was functioning as Branch Manager of Narikudi Branch, when his services were terminated by the impugned order herein. The misconduct in respect of which, chargesheet was issued to the writ-petitioner pertained to irregular granting of loans to a number of persons, failure to observe precaution before sanctioning the loans and obtaining illegal monetary advantage.3. Enquiry was conducted by the enquiry authority into the various charges. The petitioner has stated that these loans were granted under the integrated rural development programme to women who were engaged in the palm leaf product manufacture and that the borrowers only wanted the financial subsidy amoun...