{"id":226653,"date":"2020-03-06T15:06:00","date_gmt":"2020-03-06T09:36:00","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=226653"},"modified":"2020-03-12T19:38:33","modified_gmt":"2020-03-12T14:08:33","slug":"you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/","title":{"rendered":"You Can&#8217;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#8217;s VRS Scheme"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Supreme Court<\/strong>: In a case where the 3-judge bench of Arun Mishra, BR Gavai and MR Shah, JJ was hearing a reference in a plea of SBI employees seeking pension on completion of 15 years of service as per the State Bank of India Voluntary Retirement Scheme, it was held that the employees who completed 15 years of service or more as on cut\u00adoff date are entitled to proportionate pension under SBI VRS to be computed as per SBI Pension Fund Rules.<\/p>\n<p style=\"text-align: justify;\">Refraining from burdening the bank with interest, the bench directed,<\/p>\n<blockquote>\n<p style=\"text-align: justify;\">\u201cLet the benefits be extended to all such similar employees retired under VRS on completion of 15 years of service without requiring them to rush to the court.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\"><strong>Factual Background<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>After obtaining approval of the Government of India, the Indian Bank Association (IBA) evolved a Voluntary Retirement Scheme. The Central Board of Directors of SBI adopted and approved the scheme in its meeting held on 27.12.2000 for implementing the VRS for the employees of the bank by retiring them on completion of 15 years of service with the benefit provided in the scheme. The heart and soul of the scheme were that benefits to be given on completion of 15 years of service. The eligibility for benefits was provided to those who had completed 15 years of service as on 31.12.2000.<\/li>\n<li>The SBI submitted that it reserved a right under the scheme to modify, amend or cancel it or any of the clauses and to give effect to it from any date deemed fit. The Deputy Managing Director\u00adcum\u00adCDO was the competent authority for the purpose.<\/li>\n<li>As specific queries were raised, a clarification was issued by the Deputy Managing Director on 15.1.2001, stating that as per the existing rules, employees who had not completed 20 years of pensionable service, were not eligible for pension.<\/li>\n<li>The respondent before the Supreme Court questioned the refusal of the bank to pay pension. He retired on 31.3.2001 under the SBI VRS. On 18.3.2001, the bank accepted the offer of the employee to retire him voluntarily. He was aged 59 years three months and had nine months service still to go before attaining the age of superannuation. On 31.3.2001, when the VRS became effective, he had put in 19 years, nine months, and 18 days of pensionable service. He had to retire on completion of 60 years and would have put in a little more than 20 years of pensionable service.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Taking note of the facts, the Court noticed that once the Central Board of Directors accepted the memorandum for making payment of pension, in case it was not accepting the proposal in the memorandum, it ought to have said clearly that it was not ready to accept the proposals of the Government and the IBA and rejects the same. Once it approved the proposals referred to in the memorandum, which were on the basis of IBA&#8217;s letter and Government of India&#8217;s decision it was bound to implement it in true letter and spirit cannot invalidate its own decision by relying on fact it failed to amend the rule, whereas other Banks did it later on with retrospective effect.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\">\u201cThey cannot invalidate otherwise valid decision by virtue of exclusive superior power to amend or not to amend the rule and act unfairly and make the entire contract unreasonable based on misrepresentation.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">It further said that while construing a contract, the language and surrounding circumstances of the overall scheme, memorandum and letters are to be read conjointly to find out whether any departure made by the Board of Directors in its Resolution dated 27.12.2000 is of pivotal significance. In this case, the decision was taken by it of approval of the IBA scheme as proposed. Its binding effect cannot be changed on the basis what parties choose to say afterward, nor they can\u00a0\u00a0 be permitted to wriggle out. The contract is required to be read as a whole. It is apparent on a bare reading that optees will be eligible for proportionate pension under the Pension Regulations of the bank and therefore, the bank bears the risk of lack of clarity, if any.<\/p>\n<blockquote>\n<p style=\"text-align: justify;\">\u00a0\u201cIt was not the provision in the VRS scheme that incumbents having completed 20 years of service would be entitled for pensionary benefits. The scheme was carved out specially for attracting the employees by providing pension and other benefits to eligible persons like ex gratia, gratuity, pension and leave encashment. Deprivation of pension would make them ineligible for the benefits and would run repugnant to the eligibility clause.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">The Court concluded by saying that <span style=\"color: #ff0000;\"><em>the basic framework of socialism is to provide security in the fall of life to the working people and especially provides security from the cradle to the grave when employees have rendered service in heydays of life, they cannot be destituted in old age, by taking action in an arbitrary manner and for omission to complete obligation assured one<\/em>.<\/span> Though there cannot be estoppel against the law but when a bank had the power to amend it, it cannot take shelter of its own inaction and SBI ought to have followed the pursuit of other banks and was required to act in a similar fair manner having accepted the scheme.<\/p>\n<p style=\"text-align: justify;\">[Assistant General Manager, State Bank of India v. Radhey Shyam Pandey,\u00a0<a href=\"http:\/\/www.scconline.com\/DocumentLink\/7Gr8hnTd\"><b>2020 SCC OnLine SC 253<\/b><\/a>, decided on 02.03.2020]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supreme Court: In a case where the 3-judge bench of Arun Mishra, BR Gavai and MR Shah, JJ was hearing a reference <\/p>\n","protected":false},"author":121,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[5271,2785,10971,9921,9911],"class_list":["post-226653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-pension","tag-retirement","tag-sbi","tag-voluntary-retirement","tag-vrs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>You Can&#039;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#039;s VRS Scheme | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You Can&#039;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#039;s VRS Scheme\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: In a case where the 3-judge bench of Arun Mishra, BR Gavai and MR Shah, JJ was hearing a reference\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-06T09:36:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-12T14:08:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/\"},\"author\":{\"name\":\"Prachi Bhardwaj\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/de579aff4bc6dd24b68d6d472ac92942\"},\"headline\":\"You Can&#8217;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#8217;s VRS Scheme\",\"datePublished\":\"2020-03-06T09:36:00+00:00\",\"dateModified\":\"2020-03-12T14:08:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/\"},\"wordCount\":899,\"commentCount\":4,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/Supreme-Court_Colour.jpg\",\"keywords\":[\"Pension\",\"retirement\",\"SBI\",\"Voluntary retirement\",\"VRS\"],\"articleSection\":[\"Case Briefs\",\"Supreme Court\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/\",\"name\":\"You Can't invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it's VRS Scheme | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/Supreme-Court_Colour.jpg\",\"datePublished\":\"2020-03-06T09:36:00+00:00\",\"dateModified\":\"2020-03-12T14:08:33+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/de579aff4bc6dd24b68d6d472ac92942\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/Supreme-Court_Colour.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/Supreme-Court_Colour.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/03\\\/06\\\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"You Can&#8217;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#8217;s VRS Scheme\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/de579aff4bc6dd24b68d6d472ac92942\",\"name\":\"Prachi Bhardwaj\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g\",\"caption\":\"Prachi Bhardwaj\"},\"description\":\"Senior Associate Editor\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_3\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"You Can't invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it's VRS Scheme | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/","og_locale":"en_US","og_type":"article","og_title":"You Can't invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it's VRS Scheme","og_description":"Supreme Court: In a case where the 3-judge bench of Arun Mishra, BR Gavai and MR Shah, JJ was hearing a reference","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-03-06T09:36:00+00:00","article_modified_time":"2020-03-12T14:08:33+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","type":"image\/jpeg"}],"author":"Prachi Bhardwaj","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prachi Bhardwaj","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/"},"author":{"name":"Prachi Bhardwaj","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942"},"headline":"You Can&#8217;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#8217;s VRS Scheme","datePublished":"2020-03-06T09:36:00+00:00","dateModified":"2020-03-12T14:08:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/"},"wordCount":899,"commentCount":4,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","keywords":["Pension","retirement","SBI","Voluntary retirement","VRS"],"articleSection":["Case Briefs","Supreme Court"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/","name":"You Can't invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it's VRS Scheme | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","datePublished":"2020-03-06T09:36:00+00:00","dateModified":"2020-03-12T14:08:33+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/you-cant-invalidate-otherwise-valid-decision-by-virtue-of-exclusive-superior-power-to-amend-sc-to-sbi-on-unfair-amendments-in-its-vrs-scheme\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"You Can&#8217;t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it&#8217;s VRS Scheme"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942","name":"Prachi Bhardwaj","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6665f184a76dd0a4639fad050ee78a671e5bd5b4767e2cd8b57665c9461c34ed?s=96&d=mm&r=g","caption":"Prachi Bhardwaj"},"description":"Senior Associate Editor","url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/226653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=226653"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/226653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=226653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=226653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=226653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}