Dear Sir, I was posted as Branch Manager in one of the branches of SBI. during my encumbency I sanctioned SSI loan to one of the borrowers of Rs 4.00 lacs as Term loan for the purchase of machinery.The proceeds of term loan was directly credited to borrower's saving account instead of issuing cheque to the suppliers. Secondly, I also sanctioned a car loan of Rs 2.50 lacs to my wife for which administrative clearance was not obtained from controller but aftersanctioning loan control return was sent to controller for control purpose. Since my wife didnot have any income proof i submitted fake income tax return by copying other's income tax return and altering the name and address. For the margin money, I take a loan from the same borrower of Rs 2.00 lacs which was subsequently returned.
Meanwhile bank suspended me and departmentle enquiry was held and i punished with the penalty with "Removal from service". I filled an appeal against the order of Deciplinary Athority but it was not entertained by the appleate authority on the ground that " in - ordinate delay." Now please advise me what should i do further ? whether I can move to court of law? or Whether I fill Review petition for the case to Review authority in corporate Centre, Mumbai against the order of Applatte Authority? What may happen If i go to court of law ? My service is not pensionable. Please guide me suitably.