Free Judgments

K.V. Kulkarni vs Bank Of India And Ors. on 14 July, 2015

1. K.V.Kulkarni while working as Chief Manger of Bank of India was
dismissed from service pursuant to an inquiry on November 21, 1989 which
order was upheld by the appellate authority vide order dated April 19, 1990.
K.V.Kulkarni filed a writ petition being W.P.(C) No.1609/1990 before this
Court challenging the two orders of dismissal which writ petition was
dismissed by the learned Single Judge of this Court on August 13, 2009 and
hence the present appeal.
2. The allegations of misconduct against K.V.Kulkarni were of abusing
his official position to accommodate M/s.Harrison Tyres Company, a
borrower of the branch, to the detriment of bank’s interest interalia by
realising facilities exceeding his delegated authority and not reporting the
same immediately to any superior authority knowing fully well that M/s
Harrison Tyre Company was an offshoot of M/s Kanishka Tyres and Tubes
Pvt.Ltd. and was operated from the same premises with common Director

and same stock. The accommodation to M/s Harrison Tyre Company to the
detriment of the bank’s interest was to the extent that even the specific
written advice incorporated in the letters dated July 16, 1982 and September
12, 1985 of Punjab National Bank, Sonepat was ignored, cash credit
facilities were allowed in contravention of banks procedure and LCs were
allowed to be opened despite the cash credit and DP accounts of the party
being grossly out of order.

Source: Indian Kanoon