HINDUSTAN HOSIERY INDUSTRIES vs F. H. LALA AND ANOTHER

The Supreme Court upheld the Industrial Tribunal's decision to revise wages and dearness allowance for workers under the Bombay Industrial Relations Act, 1946, emphasizing the distinction between minimum wage and fair wage. The Court found that the Tribunal's award was justified as it aimed to provide a wage above the subsistence level, taking into account the financial health of the employer. The appeal was dismissed, affirming the Tribunal's authority to set wages based on economic realities and worker needs, without undue consideration of the employer's capacity to pay.