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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

    Sep 26, 2014
    Likes Received:
    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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