Ranpati Dewage Ramani Champika vs National Savings Bank et al. – CA WRIT 03/2017-2017

In the case between Ranpati Dewage Ramani Champika (Manager, Kochchikade National Savings Bank) and National Savings Bank (including its Chairman, Directors, and principal officers), the court addressed whether disciplinary proceedings against the petitioner for conducting a bulk sale of gold jewellery without prior management approval were justified, and whether judicial intervention was warranted. The decision established that, based on documentary evidence (notably exhibits P4 and P9) indicating the sale occurred at a loss and that an advance had been accepted before approval was secured, disciplinary action by the bank was supported by adequate material. The principle reaffirmed is the court’s reluctance to interfere in internal disciplinary matters when due process has been observed a

REF: CA WRIT 03/2017-2017 Category: Tag:
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