Dear Malik,
I agree with your version when it is EL (intervening holidays/weekends off are not to be part of leave). Normally, in most organizations, a minimum of FOUR EL/PL and a maximum of 3 times in a calendar year is the rule, as at any given time, an employee can avail a maximum of 3 CLs. In those circumstances, taking EL for two days is not possible. Additionally, any application for EL needs to be submitted well in advance. If it concerns intervening holidays and weekends off as part of leave, nobody is allowed to avail CL for more than 3 days. In such cases, the employee has to apply for one day's leave on Friday, and Monday will be without pay.
In some organizations, there may not be any CL/SL/EL, and instead, a consolidated 30 leaves per annum are provided. In these circumstances, intervening holidays/weekends off are not considered part of the leave.
Regarding leave without pay, if both the prefix and suffix are without pay, then intervening holidays and weekends off will also be without pay. Leave is a sensitive issue; therefore, advance intimation, sanctioning, rejection, with or without pay, all need to be handled with respect to the type of leave, the circumstances, and the reasons involved.
Thanks and regards,
Kameswarao