https://www.taxtmi.com/caselaws?id=167647 A settlement under the Industrial Disputes Act remains binding after notice of termination and does not create a legal vacuum; it continues to govern service conditions until replaced by a fresh settlement, award, or other valid legal instrument. The Life Insurance Corporation Act, including section 11, section 49 and Regulation 58, could not override the protected industrial settlements, because the Industrial Disputes Act operates as the special law in the field of industrial disputes. The 1974 settlements therefore continued to regulate bonus and other service conditions, and the impugned notices and regulation could not extinguish the workmen's bonus rights. en-us Mon, 10 Nov 1980 00:00:00 +0530 Mon, 29 Dec 2014 13:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167647 A settlement under the Industrial Disputes Act remains binding after notice of termination and does not create a legal vacuum; it continues to govern service conditions until replaced by a fresh settlement, award, or other valid legal instrument. The Life Insurance Corporation Act, including section 11, section 49 and Regulation 58, could not override the protected industrial settlements, because the Industrial Disputes Act operates as the special law in the field of industrial disputes. The 1974 settlements therefore continued to regulate bonus and other service conditions, and the impugned notices and regulation could not extinguish the workmen's bonus rights. Case-Laws Indian Laws Mon, 10 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167647