https://www.taxtmi.com/caselaws?id=111740 Interference under Article 226 was declined against management's decision to extend a modified voluntary retirement scheme within a sanctioned rehabilitation framework under the Sick Industrial Companies (Special Provisions) Act. The rehabilitation plan contemplated revival of viable units, disposal of surplus assets, and voluntary retirement for surplus workmen, and the broader record showed mounting losses, delay in implementation of the original plan, employee requests for retirement, and a pending restructuring application before the BIFR. As the petitioners, a small group of managerial employees, failed to show violation of any enforceable legal right, the Court reiterated that writ relief remains discretionary and must be guided by public interest and judicial restraint. en-us Thu, 15 Dec 2005 00:00:00 +0530 Wed, 25 Apr 2012 10:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111740 Interference under Article 226 was declined against management's decision to extend a modified voluntary retirement scheme within a sanctioned rehabilitation framework under the Sick Industrial Companies (Special Provisions) Act. The rehabilitation plan contemplated revival of viable units, disposal of surplus assets, and voluntary retirement for surplus workmen, and the broader record showed mounting losses, delay in implementation of the original plan, employee requests for retirement, and a pending restructuring application before the BIFR. As the petitioners, a small group of managerial employees, failed to show violation of any enforceable legal right, the Court reiterated that writ relief remains discretionary and must be guided by public interest and judicial restraint. Case-Laws Companies Law Thu, 15 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111740