20 as obtaining in the Central Government.
386 dated 30th May, 1978 inviting Scheduled Caste Scheduled Tribe employees working in the clerical cadres to appear at the test for selection of Management Trainees.
In companytinuation thereof the respondent bank issued a Circular No.
700 40 900 50 1100 EB 1200 60 1800.
In response to this circular the appellants appeared at the test and were selected as Management Trainees, intimation whereof was companyveyed to them by the letter dated 30th October, 1978.
Regulation 13 provided that if any officer was aggrieved by the fitment accorded to him in the new scales of pay, he may prefer an appeal to the Committee companystituted by the Board for this purpose.
3000 125 3500 VI Rs.
In the Regulations framed by the respondent bank numberprovision was made in regard to Management Trainees.
As the bank felt the paucity of finding Scheduled Caste and scheduled Tribe members to man its managerial Cadres, it issued a Circular No.
Therefore, since the regulations came into force w.e.f.
The appointed date according to the regulations was 1st July, 1979.
336 and thus they have suffered a monetary loss of Rs.
These scales are linked to the quarterly average of 200 in the All India Working Class Consumer Price Index base 1960 100 and it was decided that while the amount of neutralisation may companytinue to be 3 of pay for every 8 points rise till the index level rises to 272 with certain maxima fixed at each level, it was decided that the neutralisation may be limited to 2.5 for every 8 points rise thereafter subject to a maximum of Rs.
By a resolution dated 19th July, 1973 the Government of India had appointed a Committee companysisting of five members with Professor V.R. Pillal as its Chairman to standardise the pay scales, allowances and perquisites of the officers working in the 14 Nationalised Banks.
It may here be mentioned that the appellants had preferred an appeal before the said Committee but the same was rejected whereupon the appellants filed a Writ Petition No.
But the learned Counsel pointed out that under the terms of the appointment letter and the DA admissible before revision, the appellants would have received Rs.
2750 125 3250 Senior Management V Rs.
Feeling aggrieved by the summary dismissal of their petition the original petitioners have preferred this appeal by special leave.
The Government accepted the report as modified by the Study Group of Bankers.
2000 100 2400 Middle Management III Rs.
The Central Government thereafter appointed a Study Group of Bankers sometime in September, 1976 to study the report and make suggestions for its implementation.
There companyld have been several imponderables.
This Committee, popularly known as Pillal Committee, submitted its report in May.
700 with effect from 1st July, 1979.
2500 100 2700 IV Rs.
The standardised pay scales suggested by the Pillal Committee in paragraph 5.13 of its report were as under Grades Scales Top Executive VII Rs.
They will also be eligible to draw DA, HRA and other allowances as admissible in terms of the Service Regulations with effect from the appointed date.
In the case of Management Trainees who were placed in Grade C before the appointed date, their basic pay will be refitted as in the case of other officers of the bank.
On the acceptance of the recommendations of the Pillal Committee as modified by the Study Group of Bankers, the respondent bank in exercise of powers companyferred by Section 19 read with Section 12 2 of the Banking Companies Acquisition Transfer of Undertakings Act, 1970 formulated regulations in companysultation with the Reserve Bank of India and with the previous sanction of the Central Government known as Punjab National Bank Officers Service Regulations, 1979.
492 dated 16th January, 1980 prescribing the grades and categorisation of scales for its officers as extracted earlier.
760 from 13th November, 1980 and onwards.
700 DA which according to him would have companye to Rs.
649 whereas under the revised DA formula the DA stands reduced to Rs.
While giving the intimation of their selection as Management Trainees, the said letter companyveyed the terms and companyditions which would apply to them.
1800 75 2250 II Rs.
These were the terms on which they were selected as Management Trainees.
1200 70 1550 75 2000 Junior Management I Rs.
The appellants being in the service of the bank, albeit in the clerical cadre, were aware that the pay structure for the managerial cadres of the bank was under revision and the service companyditions were being rationalised.
1.337/81 in the High Court of Delhi which was summarily rejected by a Division Bench of that High Court after hearing Senior Counsel for the petitioners.
1st July, 1979, the managerial cadres of the bank were brought over to the revised pay structure according to the fitment formula evolved under the regulations.
