A.V. NACHANE & ANOTHER vs UNION OF INDIA & ANOTHER

The Supreme Court ruled that the Life Insurance Corporation's actions regarding employee bonuses were unconstitutional under Articles 19(1)(g) and 21 of the Constitution, as they constituted excessive delegation of powers. The Court held that the settlements made under Section 18 of the Industrial Disputes Act were binding and could not be unilaterally terminated by the Corporation. The judgment reinforced the enforceability of industrial settlements as fundamental rights, thereby upholding the employees' claims for bonuses as per the settlements.