49,678/ .
Appeals by special leave from the Award dated December 21 1963 of the Industrial Tribunal, Andhra Pradesh, Hyderabad in Industrial Dispute No.
Setting off the diminution the overall liability was diminished by Rs.
10 lakhs.
971 of 1965 and the respondent in A. No.
K. Sen, R. V. Pillai and B. K. Seshu, for the appellant in C.A. No.
8,34,000/ and the return thereon at 2 would be approximately Rs.
Thus the liability in respect of the loans has been reduced approximately by Rs.
15,49,664/ i.e. Rs.
9 lakhs.
We also find from a reference to Schedules F, G, H and 1 of investments, current assets and loans by the companypany that the total thereof has gone down by Rs.
971 of 1965 and the appellant in C.A. No.
The net 1 1959 S. C. R. 925.
972 of 1965 K. Ramamurthi, for the respondent in C.A. No.
As the companypany has number incurred any fresh loans for the purpose of buying plant and machinery we can proceed on the basis that Rs.
Both the Tribunal and the companypany calculated return on reserves used as working capital at Rs.
result seems to be that the reduction of liability when set off against the reduction in the value of the assets and investments gives a deficit of Rs.
Consequently, the reserves used as working capital should be approximately Rs.
13,22,000/ .
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
28 of 1963.
1 lakh have companye out of the working capital.
The Judgment of the Court was delivered by Mitter, J. This is an appeal against an award dated December 21, 1963 in Industrial Dispute No.
972 of 1965 .
16,000/ in place of Rs.
28 of 1963 of the Industrial Tribunal, Andhra Pradesh, Hyderabad on special leave granted by this Court.
24,83,000/ as shown by the companypany less Rs.
It directed payment of bonus of one weeks wages to all the workmen over and above the two weeks bonus which the employers had agreed to pay irrespective of any profits made by the companypany.
14,49,664/ was spent for addition of new plant and machinery.
49,678/ .
This, in our view, is number justified as we find from a reference to schedule E, fixed assets of the companypany for the year 1960 61 that a sum of Rs.
In appeal before us the appellants companytend that as there was numberavailable Surplus, if properly quantified, the question of payment of bonus in addition to that for the two weeks already agreed upon, does number arise.
1,00,000/ .
There was a good deal of companytroversy between the parties with regard to the companyrect amount of the figure for rehabilitation.
971 and 972 of 1965.
80,000/ or there about only.
8 lakhs from the figure of the previous year.
1,00,000/ approximately.
14,49,664/ and Rs.
1,07,992/ as gratuity and retrenchment companypensation among its list of prior charges.
Further, we find that the Tribunal was number right in including Rs.
The figure for secured loans in schedule C remains the same while the current liabilities at shown in schedule D has gone up by Rs.
