AIBPARC ON HEARING OF CASE BEFORE SC TODAY (5th FEB'26)
"We have received the following message today from our Advocate, Shri Sewaram, addressed to Com. K.V. Acharya, President, AIBPARC and Joint Convenor of CBPRO:"
"MC Singla pension case came up for hearing today in Supreme Court. We appeared with Dr. Manish Singhvi Sr. Adv. and he initiated the arguments. Dr J D. Sharma, Vice President, AIBPARC was also present in the court.
We informed the Court on Pension Scheme, the bank having updated the pension up to 31.12.87 pensioners giving them the updation as per new pay scales as on 1.11.87. and after that bank has not updated the pension despite clear provision for updation in clause 35 (1) of BEPR.
The court asked the Bank/IBA advocates as to why the pension is not updated. The Court didn't agree with IBA argument that revised DA was being paid.
The Court didn't agree with IBA argument that revised DA was being paid.
IBA/Bank argued that pensioners are demanding parity with RBI in quantum of pension. Our Senior Advocate countered that we are demanding parity in formulae and not the quantum.
We produced the fund position and told the court that pension updation can be made from pension fund itself without any extra burden on Government. Court asked Banks why they are not revising pension as provided in Regulation 35(1) when it can be met from the pension fund itself. When RBI has revised pension why the banks are not doing.
The Court asked us and IBA/Bank to give a tabulation of difference in pension for those who retired up to 31.10.87, 28.02.03 and recently within two weeks. The matter is now part heard and fixed for 18.2.26 and likely to be first item. We are working on it."
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Dear Friends,
As we learn that :
01.In today's hearing, petitioners Advocates arguments was found based mainly on Regulations 35(1) with reference to Appendix-1 as well as balance in Pension Fund.
02.Under this back drop court has asked to submit a chart with 3 time periods of retirees as follows with normal pension drawn now by these groups and impact of application of formula as per Appendix-1 under Regulations 35(1).
1. Person retired after 01.01.1986 but before 31-10-1987
2. Person retired after 01-11-1987 but before 28-02-2003
3. Person retired after 01-03-2003
Also noted that, Hon judge has opined in open court during the hearing that the 'Banks are liable to pay the pension as per the Regulations'
Let us wait and see the developments on 18th Feb '26 or there after.
Regards
Mohan.P