Bank employees gratuity payment can be adjusted against outstanding dues
Last updated: 21 October 2022
Court :
Karnataka High Court
Brief :
The gratuity of an employee whose services are being considered to be terminated on the accountability of an act of wilful omission/negligence causing any damage or loss to, or destruction of, property belonging to the employer shall be forfeited to the extent of the damage or loss/vandalization so caused. In above case employer bank has adjusted outstanding home loan of employee against payment of gratuity, which will not be allowed.
Citation :
WRIT PETITION NO. 11463 OF 2020 (L-RES)
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 823
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