The Kerala High Court has reserved judgment on a writ petition challenging New Pension Scheme made applicable to recruits joining State Bank of India on or after August 1, 2010.
Justice C. T. Ravikumar heard the case, filed by A. Jayakumar, General Secretary, State Banks’ Staff Union (Kerala Circle), which came up for hearing on Monday.
Sources told Business Line that the Centre did not file any statement as directed by the court saying the scheme was placed before both Houses of Parliament and notified in the Gazette of India.
Counsels merely produced a reply from the Centre that the latter had instructed the bank to take care of its interests.
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