INDIAN BANKS ASSOCIATION vs WORKMEN OF SYNDICATE BANK

The Supreme Court addressed the dispute under Sections 7A and 10(1)(d) of the Industrial Disputes Act regarding the status of Deposit Collectors employed by banks. The Court upheld the Tribunal's decision that these Deposit Collectors are workmen entitled to certain benefits, but it affirmed the High Court's ruling that they could not be absorbed as regular staff due to a concession made by the parties. The Court maintained the Tribunal's directives for fallback wages and other allowances, thus partially allowing the appeals.