Anz Grindlays Bank Ltd @ Standard ... vs Union Of India And Others

The Supreme Court upheld the dismissal of the Letters Patent Appeal by the Bombay High Court, affirming the single Judge's order which dismissed the writ petition filed by ANZ Grindlays Bank Limited. The Court emphasized the importance of bipartite settlements under Section 18(1) of the Industrial Disputes Act, 1947, and noted that the Federation's refusal to sign the settlement did not invalidate the agreement reached with the Association representing the majority of employees. The Court held that the terms of the settlement could be extended to non-members willing to accept them, thereby reinforcing the validity of the bipartite agreements.