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2024 LLR WEB 36 (BOMBAY HIGH COURT)
Unemployment of workers and continuous losses are grounds to close down an establishment

A. INDUSTRIAL DISPUTES ACT, 1947 - Section 25-O - Closure Application - Union in the Application filed statutory Application for closing down of Company under Section 25-O of the Act - Tribunal by the impugned order rejected the Application - High Court Held, if a Company approaches the Court for closure on ground of accumulated losses then in that event the possible unemployment of the workers cannot be a ground to compel the Company to run its business and refuse closure - Accumulated losses s... subscribe to read more..

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