Supreme Court of India
The Punjab State Cooperative Agricultural Development Bank Ltd. v. The Registrar,cooperative Societies and Others
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From the headnote
Service Law – Punjab State Cooperative Agricultural Land Mortgage Banks Service (Common Cadre) Rules, 1978 – r.15(i i) – Employees Provident Fund and Miscellaneous Provisions Act, 19 52 – Constitution of India – Articles 14, 16, 21 – Pen sion Scheme – Retrospective amendment taking away the benefit ava ilable to employees under the existing rule – Correctness of – Held: An amendment having retrospective operation which has the e ffect of taking away the benefit already available to the em ployee under the existing rule would divest the employee from his ves ted/accrued rights and is thus
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