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Tech Mahindra gets Bombay High Court relief on bonus payment

Discussion in 'Stock Market Discussions' started by capitalstars05, Jun 15, 2016.

  1. capitalstars05

    capitalstars05 New Member

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    The Bombay High Court has passed an interim order staying the retrospective operation of the Payment of Bonus (Amendment) Act, 2015.
    The verdict was passed based on a writ petition filed by Tech Mahindra and also directed the Union Government not to take any coercive action till a final order is passed in the matter.
    Tech Mahindra had challenged that the retrospective operation of the Amendment Act with effect from April 1, 2014.

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