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    <title>2007 (6) TMI 566 - BOMBAY HIGH COURT</title>
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    <description>Certiorari review under Article 226 is limited to jurisdictional error, manifest legal error, or findings unsupported by evidence, and a closure permission under Section 25-O will not be disturbed where the employer proves bona fide industrial unviability. On the record, continuous losses, erosion of net worth, debt burden, non-viability of the units, and rehabilitation proceedings treating the units as closed supported the closure case, while the workmen&#039;s allegations of mismanagement remained unsubstantiated. The closure was therefore upheld as commercially justified and consistent with public interest. Workmen who had not opted for VRS were held entitled only to the compensation framework directed in the operative order, not reinstatement or revival of the closed units.</description>
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    <pubDate>Mon, 11 Jun 2007 00:00:00 +0530</pubDate>
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      <title>2007 (6) TMI 566 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=298711</link>
      <description>Certiorari review under Article 226 is limited to jurisdictional error, manifest legal error, or findings unsupported by evidence, and a closure permission under Section 25-O will not be disturbed where the employer proves bona fide industrial unviability. On the record, continuous losses, erosion of net worth, debt burden, non-viability of the units, and rehabilitation proceedings treating the units as closed supported the closure case, while the workmen&#039;s allegations of mismanagement remained unsubstantiated. The closure was therefore upheld as commercially justified and consistent with public interest. Workmen who had not opted for VRS were held entitled only to the compensation framework directed in the operative order, not reinstatement or revival of the closed units.</description>
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      <pubDate>Mon, 11 Jun 2007 00:00:00 +0530</pubDate>
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