Bombay High Court Upholds Closure of Textile Mills Under Section 250 of Industrial Disputes Act, 1947 — Reinstatement of Retrenched Workers Denied Due to Financial Non-Viability. Closure Application Approved by Appropriate Government and Industrial Tribunal; Retrenchment Compensation Paid; No Justification for Reopening or Reinstatement.
9 Jun 2016The petitioner, M/s. Standard Mills (Textile Division of Standard Industries Ltd.), a company incorporated under the Companies Act, 1956, had been in ...
