In Brief
A textile mill employee under the National Textile Corporation sought voluntary retirement under the Modified Voluntary Retirement Scheme (MVRS) but later attempted to withdraw the application. The Supreme Court held that once the management accepted the resignation in writing on 28.05.2003, the contract was concluded and could not be withdrawn by the employee. The postponement of the relief date was a mere administrative adjustment that did not undo the acceptance. The Court rejected arguments that conditions (such as provident fund deposit) made the resignation conditional, holding that terminal benefits are a consequence of acceptance, not a condition precedent. The employee was entitled to the full MVRS benefits already paid.
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