Supreme Court of India · 2021-09-27
M/S NEW VICTORIA MILLS vs SHRIKANT ARYA
- Citation / case number
- SC 2020/2390
- Court
- Supreme Court of India
- Petitioner
- M/S NEW VICTORIA MILLS
- Respondent
- SHRIKANT ARYA
- Author
- HON'BLE MR. JUSTICE SANJAY KISHAN KAUL
- Bench
- HON'BLE MR. JUSTICE M.M. SUNDRESH HON'BLE MR. JUSTICE SANJAY KISHAN KAUL
Judgment text excerpt
The Supreme Court addressed the legality of the Modified Voluntary Retirement Scheme (MVRS) implemented by the National Textile Corporation to manage surplus manpower in the textile industry. The court examined the implications of the MVRS on employees' rights and the necessity of such schemes in the context of industrial restructuring. The appeal was dismissed, affirming the MVRS as a lawful measure to address the challenges faced by the textile sector.