Heard Sri V. B. Singh, learned Senior Advocate, assisted by Sri Vijay Sinha, for the petitioners, Sri G. C. Gahrana, learned counsel appearing for respondent No. 3 and learned standing counsel.

2. Counter and rejoinder affidavits have been exchanged and with the consent of the parties, writ petition is being finally decided.

3. By this writ petition, the petitioners have prayed for quashing the reference order dated 12th November, 1998, order dated 17th July, 2000, order dated 19th September, 2001 passed by Presiding Officer, Industrial Tribunal and the award dated 27th September, 2002.

4. Brief facts of the case relevant for deciding the dispute between the parties are; petitioner No. 1, M/s National Textile Corporation (U. P.) Limited, Kanpur is subsidiary corporation of National Textile Corporation, New Delhi created under Sick Textile Undertaking (Nationalisation) Act, 1974. National

Textile Corporation (U. P.) is a Central Government under taking and is holding company of National Textile Corporation, New Delhi. Petitioner No. 2, Raibareilly Textile Mills, is one of the subsidiary of petitioner No. 1. The National Textile Corporation (U. P.) Limited has been