Delhi HC awards ₹50k compensation to bank manager who foiled armed robbery in 1998
The Delhi High Court has ordered Punjab & Sind Bank to pay ₹50,000 in compensation plus litigation costs to a former manager who foiled an armed robbery in 1998. The court ruled that the manager's actions constituted extraordinary bravery rather than a routine discharge of duty, rejecting the bank's long-standing refusal to acknowledge his efforts.
Why it matters
This verdict sets a legal precedent for how financial institutions must recognize and reward employees who exhibit exceptional courage during criminal incidents, preventing the trivialization of life-saving actions.
The Delhi High Court has awarded ₹50,000 compensation to a former Punjab & Sind Bank manager who risked his life to foil an armed robbery at the bank’s Najafgarh branch nearly 28 years ago, observing that his act of courage was wrongly trivialised by the bank as a mere discharge of duty.
Justice Neena Bansal Krishna also awarded him ₹2 lakh towards litigation costs and directed the Bank to pay the amounts with 12 per cent compounded annual interest on the ₹50,000 compensation from December 1998, the date of the robbery.
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