M.D., M/S. HINDUSTAN FASTENERS PVT. LTD. vs NASHIK WORKERS UNION

The Supreme Court interpreted a settlement under the Sick Industrial Companies (Special Provisions) Act, 1985, emphasizing that the settlement reached on 24.5.1993 was a comprehensive agreement that resolved all demands raised by the trade union and workmen until that date. The Court held that the settlement was a 'package deal' and any future demands would nullify the agreement, thereby reinforcing the principle of finality in labor settlements. The appeal was decided in favor of the appellant, affirming the binding nature of the settlement.