THE MANAGEMENT OF PRAGA INDUSTRIESLTD., COIMBATORE vs THE WORKERS

The Supreme Court held that when parties agree to defer the classification of workmen and request an interim wage increment, they cannot later challenge the Tribunal's award based on that representation. The Court clarified that while piece-rate workers typically do not have a wage structure with annual increments, such a structure can be revised if justified. Additionally, it ruled that amounts earmarked for other purposes but used as working capital should accrue interest, which must be considered when calculating the surplus for bonus distribution. The appeal was dismissed, upholding the Tribunal's interim order.