Supreme Court · 1989 INSC 114 · Decided 31 March 1989
Jackson Co-Operative Credit Society Limited v. Co-Operative Banks & Societies Employees Federation & ORS.
- Court
- Supreme Court of India
- Citation
- 1989 INSC 114 · [1989] 2 S.C.R. 266
- Case number
- CIVIL APPEAL No. 4042/1988
- Decided
- 31 March 1989
- Bench
- M.M. DUTT, T.K. THOMMEN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
CREDIT SOCIETY LIMITED J_ A v. CO-OPERATIVE BANKS & SOCIETIES EMPLOYEES' FEDERATION & ORS. MARCH 31, 1989 [MURARI MOHON DUTT AND T.K. THOMMEN, JJ.I t > Payment of Bonus Act, 1965---Section 6( d) and Third Schedule Item No. 4-For rate of Bonus-Sums deductible from gross profits- ~ it whereby the High Court set aside the award of the Industriai Tribunal. The High Court in the impugned order held that the appellant Is liable to pay to its employees bonus at the rate of 20 per cent of its total annual p earnings for the years 1975-76, 1976-77 and 1977-78. The appellant
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