https://www.taxtmi.com/caselaws?id=97691 The court held that the compensation payable to workmen on termination of services was rightly limited to three months' average pay due to the closure of the undertaking under unavoidable circumstances. The court also determined that the Industrial Tribunal's award regarding annual increments and strike wages for staff members was valid, as leave under section 446 of the Companies Act was not required for proceedings under the Industrial Disputes Act. The petitions were allowed, directing the petitioners to file statements for amounts due, verified by the liquidator who was also ordered to pay petitioners' costs from the company's assets. en-us Mon, 23 Nov 1959 00:00:00 +0530 Tue, 17 Jan 2012 16:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97691 The court held that the compensation payable to workmen on termination of services was rightly limited to three months' average pay due to the closure of the undertaking under unavoidable circumstances. The court also determined that the Industrial Tribunal's award regarding annual increments and strike wages for staff members was valid, as leave under section 446 of the Companies Act was not required for proceedings under the Industrial Disputes Act. The petitions were allowed, directing the petitioners to file statements for amounts due, verified by the liquidator who was also ordered to pay petitioners' costs from the company's assets. Case-Laws Companies Law Mon, 23 Nov 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97691