M/S Oswal Agro Furane Ltd. & Anr vs Oswal Agro Furance Workers Union & Ors

The Supreme Court held that prior permission from the appropriate Government is mandatory for the closure of an industrial undertaking under Section 25-O of the Industrial Disputes Act, 1947. The Court ruled that a settlement between the employer and workmen cannot override statutory requirements, and since the closure was deemed illegal due to lack of permission, the workmen were entitled to benefits under Section 25-O(6). The appeal was dismissed, affirming the High Court's decision that the purported settlement was void.