Industrial Disputes (Banking Companies) Decision Act, 1955
Preamble
[Act 141 of 1955]
An Act to provide for the modification of the
decision of the Labor Appellate Tribunal, dated the
28th day of 1954, in accordance with the recommendations of the Bank Award
Commission and the giving effect to the award accordingly.
Be it enacted by Parliament in the Sixth Year
of the Republic of
India as follows
:
Comment: The effect of the Act is to validate certain
Bank awards. The Act by itself does not create any statutory obligation against
any person. The awards recognized by the Act cannot be placed on a higher
footing than a decree of a Civil Court . High Court cannot
issue a writ of mandamus in order to enforce a decree of a civil court. So also
certiorari cannot issue against the management in order to quash the
disciplinary action against a bank employee. AIR 1958 All 413