Bombay High Court Dismisses Appeal Against CLB Order Directing Payment of Gratuity Under Consent Terms — Contractual Obligation Binding Despite Statutory Ineligibility Under Payment of Gratuity Act, 1971. Consent terms in company petition under Sections 397 and 398 of Companies Act, 1956, requiring payment of gratuity to resigning director, enforced by CLB.
10 Jul 2015The case arose from a company petition filed by Appellant No.2 before the Company Law Board (CLB) against Appellant No.1 and the Respondent under Sect...






