A.G.M, Karnataka State Financial Corpn vs Gen.Sec.,Mysore Div.Ind.Work.Uni.& ...

The Supreme Court upheld the Karnataka High Court's decision to allow the writ appeal filed by the respondent Trade Union, which sought recovery of statutory dues for workmen under Section 33-C of the Industrial Disputes Act, 1947 and the Payment of Gratuity Act. The Court emphasized that the dues of the workmen must be prioritized over the claims of the Karnataka State Financial Corporation, which had sold the leasehold rights of the company. The Court directed that the sale proceeds should be apportioned to satisfy the claims of the workmen in accordance with law, reinforcing the legal principle that workers' dues take precedence in such cases.