The Supreme Court of India has disposed of a decade-long writ petition concerning the unpaid dues of thousands of workmen of Jaipur Udyog Ltd (JUL). In a significant reportable judgment, a Bench comprising Justice Rajesh Bindal and Justice Vijay Bishnoi appointed a former Chief Justice as a Court Administrator to oversee the verification of worker dues and the valuation of company assets. The Court also declared the allotment of shares in JUL’s subsidiary, Jai Agro Industries Ltd (JAIL), to group companies of Gannon Dunkerley & Co. Ltd. (GDCL) as illegal, finding that GDCL had acted beyond its mandate as a mere management custodian.
Background
The legal saga of Jaipur Udyog Ltd (JUL) dates back to September 17, 1987, when the…