Deemed closure upheld: SC reaffirms employer’s statutory right under Section 25-O of the Industrial Disputes Act, 1947
The Hon’ble Supreme Court while interpreting the scope of deemed permission to close and undertaking under Section 25-O(3) of the Industrial Disputes Act, 1947 has held that procedural lapses by the State Government cannot frustrate the statutory right of an employer to close a business when no timely decision…