EASTERN BANK, LTD. Vs. CENTRAL GOVERNMENT INDUSTRIAL TRIBUNAL

JUDGEMENT

(1.) THE petitioner carries on the business of banking inter alia at No. 14, Netaji Subhas Road, Calcutta.

(2.) INDUSTRIAL disputes between the petitioner and its employees used to be governed by the terms of an all -India award known as ' Sastri award ' as modified by the Industrial Disputes (Banking Companies) Decision Act (41 of 1955). The Sastri award was replaced by a subsequent all -India award known as the ' Desai award,' with effect from 30 June 1962.

(3.) THIS gave rise to a second Industrial dispute, which conciliation proceeding between 12 December 1962 and 8 March 1963 could not resolve pending conciliation, the petitioner promoted one S. P. Bose as junior officer, on 8 January 1963, and, on the very next day, confirmed the promotions of the three previously named officers and granted them the designation of staff assistants.