Supreme Court · 2003 INSC 375 · Decided 7 August 2003
HMT LTD. and ANR. v. P. Subbarayudu and Ors .
- Court
- Supreme Court of India
- Citation
- 2003 INSC 375 · [2003] SUPP. 2 S.C.R. 314
- Case number
- CIVIL APPEAL No. 6121/2003
- Decided
- 7 August 2003
- Bench
- K.G. BALAKRISHNAN, B.N. SRIKRISHNA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Service law: Voluntary Retirement Scheme-Settlement between Public Sector C Undertaking and employees on service con~itions and revision in wage~·­ Revision in wages of the retiring employee for the effective period-Payment of arrears thereof-Improvement in the financial performances of was subjeci to improvement in financia(performance, PSU was not D justified in refusing to make payment till losses are completely wiped out­ Since financial performance has not been improved to such extent that entire liability could be discharged at one go, PSU directed to make disbursement
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