https://www.taxtmi.com/caselaws?id=384307 Dissenting workmen were held not bound by consent terms entered into between the registered trade union and creditors because they were not parties, no clear authority of representation was shown, and their statutory claims could not be defeated by implied waiver or tacit consent. For wage computation, Section 445(3) of the Companies Act, 1956 was treated as fact-sensitive rather than imposing a fixed rule, and an earlier cut-off was applied where the company had long ceased operations and its assets had been realised under judicial supervision. The claim for notice pay was rejected because the amended scheme under Section 25-O of the Industrial Disputes Act, 1947 operated as a complete code on that issue. en-us Thu, 08 Aug 2019 00:00:00 +0530 Mon, 04 Nov 2019 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384307 Dissenting workmen were held not bound by consent terms entered into between the registered trade union and creditors because they were not parties, no clear authority of representation was shown, and their statutory claims could not be defeated by implied waiver or tacit consent. For wage computation, Section 445(3) of the Companies Act, 1956 was treated as fact-sensitive rather than imposing a fixed rule, and an earlier cut-off was applied where the company had long ceased operations and its assets had been realised under judicial supervision. The claim for notice pay was rejected because the amended scheme under Section 25-O of the Industrial Disputes Act, 1947 operated as a complete code on that issue. Case-Laws Companies Law Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384307