KARNANI PROPERTIES LTD. vs STATE OF WEST BENGAL AND ORS.

The Supreme Court held that the activities of a real estate company, including letting out premises and providing various services to tenants, constitute 'industry' under Section 2(j) of the Industrial Disputes Act, 1947. The Court ruled that a formal notice of termination of a settlement is not necessary, as it can be inferred from correspondence between parties, and that raising fresh pleas involving questions of fact at the appellate stage is not permissible under Article 133(1)(a) of the Constitution. The appeal was dismissed, affirming the Tribunal's award enhancing dearness allowance for employees.