6,22,54,083 have been used as working capital in the years 1962 and 1963 respectively.
The companypany made proper deductions and additions according to the Full Bench Formula and arrived at the available surplus.
fifteen weeks basic wages.
The first item that was challenged by Mr. Ramamurthi was regarding the deduction made by the companypany in the sum of Rs.
Before the Tribunal, the companypany as well as the workmen filed charts in respect of their pleas.
The Chartered Accountant of the auditors, who issued the certificate, Ext.
M 9, the certificate of the Chartered Accountant, that reserves of Rs.
The case of the companypany was as follows In each of these two years, 1962 and 1963, it has paid to its workmen in India bonus equivalent to.
65 of 1966 published in the Supplement to Part II Section I of the Fort St. George Gazette dated the 15th day of November 1967.
Appeal by special leave from the Award dated October 29,1967 of the Industrial Tribunal, Madras in Industrial Dispute No.
Out of the said available surplus, the companypany has paid nearly 60 or 63 per cent as bonus to the workmen which represents fifteen weeks basic wages.
K. Ramamurthi, R. C. Pathak and J. Ramamurthi, for the appellants.
3,94,964 and Rs.
When they have spoken about the amounts used as working capital, there is absolutely numbercross examination by the union regarding these matters.
The union objected to the deduction made by the companypany in respect of the companymission received out of the sales made by the Dunlop United Kingdom as well as the royalties receivable out of the sales made by the London firm.
It has also filed Ext.
There were also objections taken by the union in respect of certain deductions and claims made by the companypany.
the total number of employees, have accepted the payment and they are fully satisfied with the amount paid voluntarily by the companypany.
Sen, C. Doraiswami and D. N. Gupta, for the respondent.
MW 1 has spoken to the company tents of Exts.
The companypany paid to its workmen for each of these two years, 1962 and 1963, 12 weeks basic wages as annual bonus.
The companypany has filed Ext.
The Judgment of the Court was delivered by VAIDIALINGAM, J. This appeal, by special leave, by the workmen is against the award dated October 20, 1967, of the Industrial Tribual, Madras, in I.D. No.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
5,83,75,236 and Rs.
This is number a case where, merely the profit and loss account alone has been filed without any further evidence adduced by the management.
The workmen were number satisfied with the said payment and demanded additional bonus of three months basic wages for each of these years.
The companypany, however, declined to meet the demand with the result that the Government of Madras by its order dated October 15, 1966, referred the dispute regarding the additional bonus to the Industrial Tribunal, Madras.
The respondent, Dunlop Rubber Company of India Limited, which is engaged in the manufacture and sale of types and tubes for light and heavy vehicles, has a factory in Calcutta besides one at Ambattur in Madras, which was started or about 1959.
59,191 and 50,582 as royalties for the years 1962 and 1963 respectively received from Dunlop, United Kingdom.
65 of 1966 in so far as it declined to grant additional bonus for the years 1962 and 1963.
M 9, has also given evidence as MW 2.
M 8 companytaining particulars regarding the amount used as working capital for the years 1962 and 1963.
According to the workmen, the companypany has made a net profit of about 3.30 crones in each of these years.
At the time of the award, the companypany was employing about 1200 workmen but, during the years 1962 and 1963, it wag employing about 800 workmen.
1291 of 1968.
M 8 and M 9.
All the workmen, except the workmen at Ambattur, who represent only about 12 per cent of.
