In Brief
Employees of Allahabad Bank sought pension and family pension under the 1995 Pension Regulation, claiming their failure to formally exercise an option should not bar their entitlement. The Bank contended that without a properly exercised option, the 1995 Scheme was unavailable and employees should receive pension only under the 2010 Scheme. The High Court had dismissed the petition without addressing these core issues. The Supreme Court remitted the case to the High Court for full substantive adjudication of all disputed legal and factual contentions, directing expeditious disposal within six months."
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