POWER FINANCE CORPN vs PRAMOD KR BHATIA — C.A. No. 2416/1997

Summary The Supreme Court allowed Power Finance Corporation's appeal and reversed the Delhi High Court's judgment. The Court held that the respondent Pramod Kumar Bhatia did not acquire a vested right to voluntary retirement because the acceptance order of December 20, 1994 was conditional—requiring payment of outstanding dues and formal relieving before becoming effective. Since these conditions were never fulfilled and the Corporation withdrew the voluntary retirement scheme before compliance, no vested right was created in the respondent's favor. This case analysis is maintained by casestatus.in based on publicly available court records.