Kerala State Co-Operative Agricultural and Rural Development Bank Employees Association, v. State of Kerala
Case brief
What is this about?
The High Court allowed writ petitions challenging orders directing termination of the Staff Retirement Benefits Fund of a Cooperative Bank. It directed distribution of the existing corpus to eligible members with interest calculated at annual rest, leaving future continuation of the fund to Government decision.
What did the court decide?
Direction to distribute available SRBF corpus to eligible members with interest at annual rest within two months; Government to decide future of SRBF within six months.