KANAKARAJ, J.

The Spencer Consumer Products and Services Limited (hereinafter called "the Company") is a Company incorporated under the Companies Act, 1956, as and from November 28, 1979. It had a factory within the premises of the well-known Spencer and Company at No. 769, Anna Salai, Madras. The Company was engaged in the manufacture of Bakery Products and aerated waters. Due to shortage of water and non-availability of space in the Spencer Complex which was undertaking a huge expansion programme in the name of Spencer Plaza, a decision was taken to shift the aerated water factory to Rajakulam, Chengleputtu for the M.G.R. District. There is a settlement under Section 18(1) of the Industrial Disputes Act (I.D. Act) dated September 18, 1989 and pursuant to the terms of the settlement, the company had put up a notice on May 29, 1991 asking the employees of the aerated water factory to report for work at Rajakulam with effect from June 1, 1991. Accordingly, the employees of the aerated water factory reported at Rajakulam with effect from June 1, 1991. On July 10, 1991 the Company entered into an agreement with one Vishwadarshan Distributors Pvt. Ltd. (hereinafter called "t