Authority: Supreme Court of India
Order Date: 30 July 2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 21135/2024 filed by B.M. Satyanarayana against State Bank of India & others, arising from the impugned final judgment and order dated 25‑01‑2024 in WA No. 1004/2023 of the High Court of Andhra Pradesh at Amravati.
- The Court, on 24 April 2026, directed the parties to obtain instructions regarding a one‑time payment in lieu of reinstatement and to work towards a complete settlement.
- Both parties submitted their respective calculations of the settlement amount.
Final Outcome
- The Court determined that a sum of Rs 80,00,000 (Rupees Eighty Lakhs Only) is appropriate as a one‑time settlement in lieu of reinstatement and for all past and future claims of the petitioner.
- State Bank of India is ordered to pay the amount within two months from the order date.
- Upon receipt of the payment, all past and future claims of the petitioner shall stand finally settled.
- The Special Leave Petition is disposed of, and any pending applications, if any, are also disposed of.
Topics: Legal Settlement, Banking