SangsLegal News The shutdown of a company owing to financial challenges cannot be considered an "unavoidable circumstances to refuse compensation for retrenchment: Jammu and Kashmir and Ladakh High Court

The recent decision of the Jammu and Kashmir and Ladakh High Court highlighted that the shutdown of a company owing to financial challenges cannot be considered an "unavoidable circumstances" as per Section 25-FFF of the Industrial Disputes Act. This ruling further emphasizes the rightful entitlement of employees to receive compensation for retrenchment.