Court : Supreme Court of India
Reported in : AIR1976SC611; (1976)ILLJ463SC; (1976)1SCC925; [1976]3SCR130
..... the definition he gave was that 'working funds' consisted of 'paid up capital, reserves and deposits'. so also in the sastri award made in 1953 in regard to industrial disputes between certain banking companies and their workmen, the words 'working funds' were defined to mean 'paid up capital, reserves and the average of the deposits for 52 weeks of each year for which weekly ..... amount of rs. 13.48 lacs was well founded and it was rightly allowed by the industrial tribunal.12. that takes us to the last item m dispute which is item 6(e) of the first schedule. that item requires that in the case of foreign banking companies, proportionate administrative (over head) expense of head office allocable to indian business shall be deductible in .....
Tag this Judgment!Court : Allahabad
Reported in : 1998(3)AWC1680; (1998)3UPLBEC1656
..... assume the shape of contract. it will continue to bind the parties in accordance with section 19(6) of the industrial disputes act, 1947. it was given statutory force by the industrial disputes (banking companies) decision act, 1955. if a workman is aggrieved against any clause in the standing order, he can apply for modification ..... of such standing order before the appropriate authority. in management shahdara (delhi) saharanpur light railway company ltd. v. s. s. railway, workers' ..... to the framing of sastry award is that in june, 1949, the central government referred for adjudication number of disputes between the banking companies in the country and their employees to all india industrial tribunal known as the sen tribunal. the tribunal gave its award in july, 1950 but it was set aside .....
Tag this Judgment!Court : Delhi
Reported in : (1985)ILLJ185Del
..... presided over by shri p. sastry, commonly known as sastry award, as modified and enacted by the industrial disputes (banking companies) decision act, 1955, the industrial disputes banking companies decision amendment act, 1957, and subsequently modified by the award of the national industrial tribunal presided over by mr. justice k. t. desai, commonly known as desai award, first bipartite settlement dated 19th october, 1966, and the second bipartite settlement ..... dated 12th october, 1970, govern the terms and conditions of the employees of the banks which were parties thereto .....
Tag this Judgment!Court : Kolkata
Reported in : (1966)ILLJ647Cal
..... june 19637. whether having regard to the provisions of para. 529 of the award of the all india industrial tribunal (bank disputes) as modified by the decision of the labour appellate tribunal in the manner referred to in section 3 of the industrial disputes (banking companies) decision act, 1955 (41 of 1955), the promotion of b. burman, t. n. guha roy ..... 1963b26. whether having regard to the provisions of para. 529 of the award of the all india industrial tribunal (bank disputes) as modified by the decision of the labour appellate tribunal in the manner referred to in section 3 of the industrial disputes (banking companies) decision act, 1955 (41 of 1955), the promotion of b. burman, t.n. guha ..... petitioner and its employees used to be governed by the terms of an all-india award known as ' sastri award ' as modified by the industrial disputes (banking companies) decision act (41 of 1955). the sastri award was replaced by a subsequent all-india award known as the ' desai award,' with effect .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1968Cal59,(1969)ILLJ50Cal
..... industrial tribunal becomes enforceable; section 18 enumerates the parties as between whom the award becomes enforceable and ..... in the decision in : (1961)iillj736cal , suprasad v. state bank of india, upon which mr. chakravarty for the petitioner relies.5. my attention was also drawn to section 4 of the industrial disputes (banking companies) decision act, 1955. section 17-a of the industrial disputes act lays down the point of time when an award of an ..... desai j. of the bombay high court was set up by the government of india, and several disputes relating to banking companies and their employees were referred to this tribunal under section 10 of the industrial disputes act. the award given by this tribunal in the year 1962 it known as the desai award. it .....
Tag this Judgment!Court : Supreme Court of India
Reported in : [1963(7)FLR188]; (1963)IILLJ343SC; [1964]3SCR256
..... ; but the question whether the provision of para 164(b)(7) would apply to the branch was referred to shri jeejeebhoy for clarification under s. 6 of the industrial disputes (banking companies) decision act, 1955, (xli of 1955) and shri jeejeebhoy held in 1959 that the use of the words 'pay office' was not intended to have a ..... cash. it relied in this connection on a decision of shri jeejeebhoy in a reference in dev karan nanjee banking co. v. workmen (central government industrial tribunal (bombay) no. 23 of 1959.) under s. 6 of the industrial disputes (banking companies) decision act, 1955, and held that as the respondent was the sole clerk in the branch doing the ..... same point. appeals nos. 731 to 752 are by the canara industrial and banking syndicate limited while appeal no. 787 is by the canara bank limited. in all these appeals there were applications by the employees of the two banks under s. 33-c(2) of the industrial disputes act, no. 14 of 1947, (hereinafter referred to as the act .....
Tag this Judgment!Court : Supreme Court of India
Reported in : [1964]3SCR275
..... rs. 95/- per month with a dearness allowance of rs. 50/-. the sastry award in the disputes between certain banking companies and their workmen as modified by the labour appellate tribunal was given statutory force by the industrial disputes (banking companies) decisions act, 1955. in applying to the appellant this award which is admittedly applicable to him ..... the bank proceeded on the basis that under it the appellant was entitled to get his annual increment in each ..... court on merits further contended that the court had wrongly rejected the preliminary objection raised by the bank. 7. the scope of s. 33(c)(2) of the industrial disputes act has been elaborately considered by us in the central bank of india ltd. v. p. s. rajagopalan : (1963)iillj89sc , and we have .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1964SC864; [1963(6)FLR303]; (1963)IILLJ403SC; [1963]Supp2SCR862
..... in new delhi shows that restaurants and hotels have been grouped together for the purpose of one adjudication in the past. it appears that in 1950, a similar industrial dispute in respect of 14 catering establishments was referred to mr. dulat; amongst them were 3 hotels and 11 restaurants. in fact, some of the restaurants in the ..... as to whether bonus could be said to be a part of remuneration within the meaning of that term under sections 2 and 10(1)(b)(2) of the banking companies act, 1949 (unamended by act xcv of 1956), and the decision was that in s. 10 the work 'remuneration' has been used in its widest sense, ..... one establishment. it is hardly necessary to deal with this point elaborately because this court had occasion to examine this problem in several decisions in the past, vide associated cement companies ltd. v. their workmen : (1960)illj1sc ; pratap press, etc. v. their workmen : (1960)illj497sc , pakshiraja studios v. its workmen : (1961)iillj380sc ; south india millowners' .....
Tag this Judgment!Court : Kerala
Reported in : [1990]69CompCas320(Ker)
..... :'(i) the continuance of the services of all the employees of the banking company (excepting such of them as are not workmen within the meaning of the industrial disputes act, 1947, are specifically mentioned in the scheme) in the banking company itself on its reconstruction or, as the case may be, in the transferee-bank at the same remuneration and on the same terms and conditions of ..... date on which this scheme has been sanctioned by the central government, intimated their intention of not becoming employees of the transferee-bank, shall be entitled to the payment of such compensation, if any, under the provisions of the industrial disputes act, 1947, and such pension, gratuity, provident fund and other retirement benefits as may be ordinarily admissible under the rules of authorisation .....
Tag this Judgment!Court : Orissa
Reported in : 93(2002)CLT534; [2002(95)FLR939]
..... (6) as regards the period for which the award shall continue to be binding on the parties is not in any way affected by section 4 of the industrial disputes (banking companies) decision act, 1955. quite apart from this, however, it appears to us that even if an award has ceased to be in operation or in force ..... one of the parties of the intention of terminate it and two months have elapsed from the date of such notice. the effect of section 4 of the industrial disputes (banking companies). decision act is that the award ceased to be in force after march 31, 1959. that, however, has nothing to do with the question as to ..... cuttack branch office of m/s. peerless general finance and investment company ltd. (petitioner) was terminated from service with effect from 1.12.81 and dispute with regard to termination was referred to industrial tribunal orissa for adjudication vide industrial dispute case no. 46 of 1983. in the said industrial dispute case the award was passed on 30.5.1988 holding the .....
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