STANDARD CHARTERED GRINDLAYS BANK LTD. vs UNION OF INDIA .

The Supreme Court upheld the dismissal of the Letters Patent Appeal by the Bombay High Court, affirming the single judge's order that dismissed the writ petition filed by ANZ Grindlays Bank Limited. The Court noted that the employment terms of the Bank's staff are governed by the Shastri Award and subsequent bipartite settlements under Section 18(1) of the Industrial Disputes Act, 1947. The Court held that the Federation's refusal to sign settlements does not invalidate the agreements made with the Association representing the majority of the workmen, thereby ensuring the settlements are binding on non-members who voluntarily accept them.