Section 18 of IDA : Section 18: Persons On Whom Settlements And Awards Are Binding
IDA
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Explanation using Example
Imagine a scenario where a manufacturing company has been facing ongoing disputes with its workers regarding overtime pay. After several discussions, the company management and the workers' union reach an agreement without any formal conciliation process. As per Section 18(1) of The Industrial Disputes Act, 1947, this agreement is legally binding on both the company and the workers who are party to the agreement.
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