[Civil Appeal No. 1217 of 2011]. The appellant was working on the post of Assistant General Manager in the Bihar State Financial Corporation (in short, "the Corporation"). At the direction of State Government, vide letter dated 20th March, 1993, the Managing Director of the Corporation, who is the Disciplinary Authority, put the appellant under suspension and initiated disciplinary proceedings on the following charges:- He recommended release of Rs. 4.33 lakhs to M/s. Koshi Jute Mills Pvt. Ltd., Supaul against purchased machines without deducting the stipulated promoter's margin money, which is evident from the fact that the promoter's margin money was deducted in totality at the time of subsequent release of Rs.7.80 lakhs to the concern on 19.12.90. He intentionally and in utter violence of delegated powers released Rs. 7.80 lakhs to the concern (M/s. Koshi Jute Mills Pvt. Ltd., Supaul) on 19.12.90 at his own for which he was not the competent authority for disbursing such amount at his own. This irregular act of his is a grave misconduct for his wrongful gain.
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