CHAIRMAN-CUM-M.D. ITI LIMITED vs K.MUNISWAMY .

The Supreme Court examined the interpretation of clause 17(7)(iii) of the Certified Standing Orders under the Industrial Employment (Standing Orders) Act, 1946, in the context of a PSU's decision to rollback employees' retirement age from 60 to 58 years. The case involved assessing whether the administrative decision, approved by the Ministry and Board of Directors, was legally valid and consistent with existing rules. The court analyzed the statutory provisions and administrative circulars to determine the legality of the rollback. The judgment clarified the scope of executive authority in modifying retirement age policies for public sector undertakings.