Punjab and Sind Bank v. Sh Saspal Singh

Delhi High Court · 14 Oct 2024 · 2024:DHC:7923-DB
C. Hari Shankar; Sudhir Kumar Jain
LPA 983/2024
2024:DHC:7923-DB
civil appeal_dismissed

AI Summary

The Delhi High Court upheld the extension of New Pension Scheme benefits to the respondent and directed return of CPF dues with enhancement and interest, dismissing the bank's appeal.

Full Text
Translation output
LPA 983/2024
HIGH COURT OF DELHI
LPA 983/2024, CM APPLs. 57812/2024 & 57813/2024
PUNJAB AND SIND BANK .....Appellant
Through: Mr. Rajat Arora, Mr. Ravi Ranjan Mishra and Mr. Sourabh Mahla, Advs.
VERSUS
SH SASPAL SINGH .....Respondent
Through: Mr. Rajesh Tyagi, Adv.
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR
HON'BLE DR. JUSTICE SUDHIR KUMAR JAIN
ORDER (ORAL)
14.10.2024
JUDGMENT

1. After some hearing, with the consent of the learned Counsel for both sides, this appeal is disposed of by upholding the direction of the impugned judgment of the learned Single Judge in so far as it directs the extension, to the respondent, of the benefits of the New Pension Scheme. However, so far as the direction to return the Central Provident Fund[1] dues which have been availed by the respondent is concerned, Mr. Rajesh Tyagi, learned Counsel for the respondent, agrees to return the said amount with 56 % increase along with 6 % interest cumulative from the date on which the amount of CPF was availed.

2. Subject to the above, let the impugned judgment be complied “the CPF”, hhereinafter LPA 983/2024 with within a period of four weeks from today.

3. The appeal is disposed of in the above terms.

C. HARI SHANKAR, J.