Court Says RBI Right to Set Pension Start Date: M.T. Mani v. RBI – Justices Oka and Justices Masih Rule
In the case of M.T. Mani v. RBI, the Supreme Court maintained the 2020 pension system of the Reserve Bank of India (RBI), stating that the denial of retrospective payment was justifiable owing to financial constraints. In topics pertaining to policy, it highlighted the importance of judicial restraint and prohibited selective approval of scheme terms.