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After HC blow, GM staff union may focus on compensation

By Economic Times - 10 months ago
In his 43-page order, Justice Milind Jadhav observed that if a company approaches the court for closure of its establishment on the ground of accumulated losses as per the law, the possibility of unemployment of the workers can't be a ground to compel the company to run its business and refuse closure. "The accumulated losses in the present case are substantial. They pan out over almost a decade prior to the closure announced by the company.

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