Judicial Scrutiny of Industrial Closures Under Section 25-O and Equitable Compensation Relief

Highlights of the Judgment:
- Examination of the scope of individual workmen representation under Section 25-O of the Industrial Disputes Act, 1947, despite a recognized union.
- Analysis of the employer's burden of proof to establish bona fide financial unviability and genuine reasons for industrial closure.
- Interpretation of statutory provisions regarding review mechanisms and references to the Industrial Tribunal under Chapter V-B.
- Judicial scrutiny of balance sheets, fuel cost escalations, and technological constraints in glass manufacturing industries.
- Application of equitable principles to substitute reinstatement with lump-sum compensation after prolonged litigation spanning two decades.