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Union Bank of India Vs. General Workers Union and anr.

Court : Gujarat

Subject : Banking

Acts : Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002 - Sections 13, 13(2), 13(4), 13(7), 13(8), 13(9), 17, 35 and 37; Bombay Industrial Relations Act, 1946 - Sections 79 and 119; Industrial Disputes Act, 1946 - Sections 25O; Companies Act, 1956 - Sections 529(1) and 529A

Reported in : AIR2009Guj65; [2010]153CompCas407(Guj); (2009)1GLR867; (2009)IIILLJ502Guj

Jayant Patel, J.1. The interesting question arises for consideration in the present petition is the status of the workers of a company whose properties are taken over by secured creditor under the Securitisation and Reconstruction of...