Tamil Nadu Electricity Board Rep. By Its ... vs Tneb- Thozhilalar Aykkiya Sangam By Its ...

The Supreme Court upheld the High Court's decision affirming the order for the Tamil Nadu Electricity Board to pay Dearness Allowance (DA) at the rate of 49% from 01.01.2002, as per the Memorandum of Settlement under Section 18(1) of the Industrial Disputes Act, 1947. The Court established that the Board was obligated to follow the DA rates set by the Central Government and subsequently by the State Government, emphasizing the binding nature of the settlement agreement. The appeals were dismissed, confirming the employees' entitlement to the revised DA rates.