Per VINEY MITTAL, J.

This order shall dispose of two writ petitions being W.P. No. 1892/2005(s) and W.P. No. 2612/2005(s). As a matter of fact, both these writ petitions are cross petitions challenging the award dated June 20, 2005 passed by the Madhya Pradesh Industrial Tribunal, Indore (Hereinafter referred to as the Tribunal). Whereas W.P. No. 1892/2005(s) has been filed by the company Hind Syntex Limited, other Writ Petition W.P. No. 2612/2005(s) has been filed by the workers-union-Dewas Mazdoor Sangh. For the sake of convenience, henceforth the management company Hind Syntex Ltd. would be referred as petitioner-company, whereas Dewas Mazdoor Sangh would be referred as workers-union.

Facts

2. The petitioner-company is a company incorporated under the Companies Act and is having an industrial undertaking at village Birgod, Tehsil Tonkkhurd, District Dewas. The said industrial unit was engaged in manufacture of synthetic blended yam. According to the petitioner-company, it had commenced the industrial operations in the said undertaking in the year 1983 and had made substantial profits up to the year 1997. However, thereafter there was a drop in the demand of its product. I