THE LIFE INSURANCE CORPORATION OF INDIA vs D. J. BAHADUR & ORS.

The Supreme Court examined the applicability of the Life Insurance Corporation Act, 1956, specifically Sections 11, 23, and 49, in relation to the Industrial Disputes Act, 1947, particularly Sections 9A and 19(2). The Court held that the Life Insurance Corporation Act is a special law governing the employment conditions of its employees, and the provisions of the Industrial Disputes Act do not override it. The Court ruled that the termination of settlements regarding annual cash bonuses for Class-III and Class-IV employees was valid under the relevant statutory framework.