https://www.taxtmi.com/caselaws?id=105726 A conciliation settlement on bonus, once certified as fair and reasonable, binds the union and all workmen covered by the dispute even if every member did not individually sign it. The bonus settlement for the 1990-91 accounting year was therefore binding on the petitioner-union and its members. A court will not direct an independent re-audit of a Government company's accounts for the same year merely to support a higher bonus claim where the accounts have already been audited under the statutory framework and no legal basis exists to displace that regime. The request for fresh audit was accordingly not maintainable. en-us Wed, 08 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 12:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105726 A conciliation settlement on bonus, once certified as fair and reasonable, binds the union and all workmen covered by the dispute even if every member did not individually sign it. The bonus settlement for the 1990-91 accounting year was therefore binding on the petitioner-union and its members. A court will not direct an independent re-audit of a Government company's accounts for the same year merely to support a higher bonus claim where the accounts have already been audited under the statutory framework and no legal basis exists to displace that regime. The request for fresh audit was accordingly not maintainable. Case-Laws Companies Law Wed, 08 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105726