Payment of gratuity should be made effective from 01.01.2016:
Lucknow based IOB group has filed a WP in Delhi HC praying that revised limit under PGAct 1972 should be implemented wef 01.01.2016. The WP is in the nature of representative suit where employees of all banks/ RRB/ FI have joined. The purpose of representative suit is, to make it applicable to all.
The writ has been admitted in Delhi High Court vide diary no.139558/2018 dated 22/05/2018 There were some minor objections which kept coming in piece meal fashion but finally, it has been accepted. Now this will come up for hearing and after some clarifications or arguments, if sought by the Judge, it will be accepted for hearing.
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