https://www.taxtmi.com/caselaws?id=761312 The tribunal held that the union had notice of the sanctioned demerger scheme because public notices, annual-report disclosure, and long-standing negotiations showed awareness and acquiescence. It further construed the scheme as transferring only the staff, workmen, and employees specifically identified for the ATM and Cash Management Division, not all employees of the transferor company, because the express language confined transfer to the specified division and an expanded reading would impermissibly alter the sanctioned arrangement. A belated miscellaneous application challenging implementation was therefore barred by limitation, and the tribunal could not rewrite the clear terms of the sanctioned scheme under the guise of interpretation. en-us Wed, 06 Nov 2024 00:00:00 +0530 Fri, 08 Nov 2024 19:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761312 The tribunal held that the union had notice of the sanctioned demerger scheme because public notices, annual-report disclosure, and long-standing negotiations showed awareness and acquiescence. It further construed the scheme as transferring only the staff, workmen, and employees specifically identified for the ATM and Cash Management Division, not all employees of the transferor company, because the express language confined transfer to the specified division and an expanded reading would impermissibly alter the sanctioned arrangement. A belated miscellaneous application challenging implementation was therefore barred by limitation, and the tribunal could not rewrite the clear terms of the sanctioned scheme under the guise of interpretation. Case-Laws Companies Law Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761312