SUNIL KR.GHOSH vs K.RAM CHANDRAN .

The Supreme Court upheld the High Court's dismissal of contempt applications and appeals by employees of Philips India Ltd. regarding the transfer of ownership of the Consumer Electronics Factory under Section 293 of the Companies Act, 1956 and Section 10(2) of the Industrial Disputes Act, 1947. The Court found that the employees' rights were preserved post-transfer, as their employment was taken over by Kitchen Appliances India Ltd. with continuous service. The Court affirmed that the procedural requirements were met and the employees' claims were without merit, leading to the dismissal of the appeals.