TATANAGAR FOUNDRY CO. LTD. vs THEIR WORKMEN

The Supreme Court held that under Section 25FFF of the Industrial Disputes Act, 1947, a closure must be genuine and bona fide, not merely a pretense. The Court found that the closure of Tatanagar Foundry Co., Ltd. was final and irrevocable, but not justified as it was not due to circumstances beyond the employer's control. Consequently, the workmen were entitled to compensation as per the provisions of the Act, overturning the Tribunal's finding that the closure constituted a lock-out.