Supreme Court of India
The State of Mysore v. The Workers of Gold Mines
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From the headnote
Industrial Dispute-Gold mining industry--Claim of bonus by employees-Available surplus, Calculation of-Applicability of Full Bench Formula-Duty of Industrial Tribunal. This was an appeal against.an award of bonus to the work men of the Mysore gold mining industries, then under company management. covenant in the lease executed in favour of the companies permitted them to create a reserve fund to meet depreciation and development expenditure by contributing 15% of the revenue expenditure to it and deduct the same in calcu lating the net surplus. The covenant imposed no obligation on the
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