Ceylon Bank Employees Union v. State Mortgage Investment Bank – sllr 1983 volume 1 page 403

The case between Ceylon Bank Employees’ Union (representing the employees) and State Mortgage Investment Bank addressed whether the services provided by the State Mortgage Investment Bank qualified as essential services under the Essential Services Order, 1972, and specifically, the proper construction of the term “Bank” as set out in Regulation 2(10). The sequence of events included a strike by employees, prolonged negotiations, subsequent dismissals, and claims for gratuity and compensation. It was held that the State Mortgage Investment Bank did not fit within the concept of a “Bank” as intended by Regulation 2(10), as its primary functions were not consistent with traditional commercial banking such as accepting deposits, operating current accounts, or conducting cheque transactions. T