Case Law Analysis
|Supreme Court of India
Pension Regulations | Voluntary Retirement Deemed Accepted If Employer Fails to Refuse Within Notice Period : SC
The Supreme Court ruled that a voluntary retirement notice under Pension Regulations becomes effective by default if the employer does not explicitly refuse it within the prescribed period, even if disciplinary proceedings are pending. This judgment clarifies the legal consequences of employer inaction and reinforces the binding nature of timely refusal, impacting service and pension entitlements for employees in regulated sectors like banking.