(1.) THIS Court has heard the learned Advocates for the respective parties and has also considered the relevant materials on record. The facts of the case, briefly, are as follows :
(2.) THE appellant had joined Khardah Company Limited i.e. the respondent no. 2, as a Senior Executive in terms of the appointment letter dated 26th October, 1976. The appellant was appointed on the following terms and conditions :
(3.) IT will appear from the said appointment letter that, inter alia, the appellant was described to be a Senior Executive but he was expected to carry out the responsibilities of the Senior Executive and also certain responsibilities which may be allotted to him from time to time. The appellant joined the services of the respondent no. 2 with effect from 1st November, 1976. It appears that the management of the respondent no. 2 was taken over by the Government of India through a Notification dated 16th May, 1977 and the Industrial Reconstruction Corporation of India was appointed the authorized person for the management of the Industrial Undertaking of the respondent no. 2. It also appears that subsequently the said Company was nationalized under The Jute Companies (Nationalization) Act, 1980 and such nationalization took place sometime in December, 1980.