Onkar Nath Singh vs Up State Textile Corpn

The Supreme Court directed the respondent-corporation to pay the appellant a sum of Rs. 1,50,000/- in full and final settlement of his claims, in lieu of reinstatement, after considering the appellant's award for reinstatement and back-wages. The Court noted the complexities surrounding the appellant's reinstatement and the company's financial situation, including a reference to the BIFR. The appeal was disposed of without delving into the specifics of reinstatement or back-wages, emphasizing a resolution after prolonged litigation.