JUDGMENT - B.N. SRIKRISHNA, J.:---Admit. Notice made returnable forthwith. Mr. Singhvi, learned Counsel, waives service for the respondents. By consent, appeal called out and heard.

2. This appeal is directed against the order of the learned Single Judge dated 15th November, 2000 (reported on 2001(2) Bom.C.R. 447) rejecting prayer Clause (a)(i) made in the Notice of Motion taken out by the appellant. Though the appeal came up before us for admission, considering the importance of the issues that were raised up in the appeal, we have heard the Counsel on both sides at length and propose to dispose of this appeal finally by a judgment at this stage itself.

3. The appellant is an industry engaged in the manufacture of petroleum products including Liquified Petroleum Gas (LPG). It employs a large number of workmen in its establishments engaged in manufacturing and distribution of its products. The appellant Corporation, a Government Company had entered into a long term settlement prescribing the conditions of service of its workmen. This long term settlement was to last for five years from 1st June, 1993 to 31st May, 1998. After expiry of the said settlement, the respondent Unions, whi

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