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Natural justice and pre-CIRP labour awards protect termination compensation, permitting withdrawal of court deposits despite later insolvency resolution plans.
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Dismissal of employees through composite charge-sheet-cum-dismissal orders without a disciplinary inquiry breached natural justice, and the findings that termination was illegal remained undisturbed. Labour awards made before commencement of CIRP crystallised the employees' compensation entitlement and were not displaced by a subsequently approved resolution plan. Court-directed deposits securing those awards represented the employees' entitlement once the awards attained finality; failure to seek withdrawal before CIRP did not entitle new management to the funds. Employees could withdraw the deposited compensation and accrued interest, but had no further service-related claims.
Dismissal of employees through composite charge-sheet-cum-dismissal orders without a disciplinary inquiry breached natural justice, and the findings that termination was illegal remained undisturbed. Labour awards made before commencement of CIRP crystallised the employees' compensation entitlement and were not displaced by a subsequently approved resolution plan. Court-directed deposits securing those awards represented the employees' entitlement once the awards attained finality; failure to seek withdrawal before CIRP did not entitle new management to the funds. Employees could withdraw the deposited compensation and accrued interest, but had no further service-related claims.
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