Industrial Disputes Act, 1947–Sec. 11A–Punishment of dismissal was substituted with the order of reinstatement after lowering down the two-stages of basic salary–Justification–Respondent prepared nine credit transfer vouchers on various dates on the pretext of payment of interest towards fixed deposits and credited the whole amount in a fake account, prepared by him–Punishment of dismissal was not disproportionate–Merely because the stood superannuated in meanwhile will not absolve him from the misconduct which was committed by him in the discharge of duties–Impugned judgments of Tribunal and High Court are liable to be set aside.
