It appears, the writ petitions by the bank men were allowed by the SB of Madras High Court vide order dated 14.12.2012. The Appeals by Bankers against the above order were allowed and writ petitions dismissed by DB vide order dated 17.06.2013. Aggrieved bank employees filed SLP before the SC which was converted into Civil Appeal by the Court. Details of Supreme Court judgment if delivered can be awaited now.
M. Sreenivasa Murty writes as follows:-
There is
some cloud hovering on the news since this morning. The original source
was the mail I and some others forwarded to you yesterday. I am now on
the job of getting the real picture through my reliable contact.
Will revert as soon as possible..
If you think it will help, you may kindly publish this.