M.D., M/S. Hindustan Fasteners Pvt. Ltd vs Nashik Workers Union

The Supreme Court interpreted the settlement between a sick industrial unit and its trade union under the Sick Industrial Companies (Special Provisions) Act, 1985, emphasizing that the settlement constituted a full and final resolution of all demands raised by the workmen. The Court held that any breach of the settlement would render it null and void, and that no further demands could be raised during its currency. The judgment affirmed the binding nature of the settlement clauses, particularly regarding the withdrawal of unaddressed demands.