Whether sanction is necessary for retired employee? A loan was sanctioned in August 2012. CBI admitted the case, employee retired in 31st march 2013. The bank filed complaint with CBI without charging sanctioning authority in 1.6 2017. CBI filed case on 30.07.2019 without taking approval from sanctioning authority. Case was admitted in CBI court. Bank subsequently refused permission for prosecution and sanction was denied. Recently case is standing at the point of charge.
As the bank has filed complaint after four years with CBI and also sanction have denied by the bank. Whether discharge is possible under above circumstance.
