Section 25-O of IDA : Section 25-O: Procedure For Closing Down An Undertaking

IDA

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Explanation using Example

Imagine a scenario where XYZ Textiles Ltd., which is an industrial establishment, has been facing severe financial losses for the past two years. The management decides that the only viable option to prevent further losses is to shut down the manufacturing plant. According to Section 25-O of The Industrial Disputes Act, 1947, the employer must follow a specific procedure before closing down the undertaking.

In compliance with the law, XYZ Textiles Ltd. submits an application for closure to the appropriate government authority n...

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