https://www.taxtmi.com/caselaws?id=98171 A compulsory court-ordered winding-up was treated as a closure caused by unavoidable circumstances beyond the employer's control, so compensation for termination of employment remained subject to the statutory limit under the proviso to section 25FFF(1) of the Industrial Disputes Act. The court also noted that section 445(3) of the Companies Act, 1956 treats a winding-up order as notice of discharge unless the business is actually continued, and work done by the official liquidator for beneficial winding-up is not a continuation of the company's business. On that basis, no further one month's notice pay under section 25F(a) was payable. en-us Thu, 24 Sep 1964 00:00:00 +0530 Thu, 19 Jan 2012 15:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98171 A compulsory court-ordered winding-up was treated as a closure caused by unavoidable circumstances beyond the employer's control, so compensation for termination of employment remained subject to the statutory limit under the proviso to section 25FFF(1) of the Industrial Disputes Act. The court also noted that section 445(3) of the Companies Act, 1956 treats a winding-up order as notice of discharge unless the business is actually continued, and work done by the official liquidator for beneficial winding-up is not a continuation of the company's business. On that basis, no further one month's notice pay under section 25F(a) was payable. Case-Laws Companies Law Thu, 24 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98171