PUNJAB NATIONAL BANK LIMITED vs K. L. KHARBANDA

The Supreme Court held that Section 33C(2) of the Industrial Disputes Act, 1947, applies to the computation of monetary benefits, affirming that 'benefit' encompasses both monetary and non-monetary aspects. The Court ruled that the respondent, a supervisor, was entitled to basic wages according to the scale fixed for supervisors, as the Sastri Award mandated a uniform grade for all clerical workmen. The appeal was dismissed, upholding the Labour Court's decision that the respondent's wages should not be reduced below the prescribed scale.