In National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC …

Question

In National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC 228, the Supreme Court held that:

Accepted Answer

C. workers of a company have the right to be heard in a winding-up petition under Section 433 Companies Act 1956 (Now Sections 270-275 / IBC)

1. In National Textile Workers' Union v. P.R. Ramakrishnan (1983), the Supreme Court (per Bhagwati J.) recognised the WORKERS' LOCUS to be heard in a winding-up proceeding.
2. The Court reasoned that workers have a vital stake in the company's survival; their interests merit consideration alongside creditors and shareholders.
3. The principle has been carried forward in subsequent winding-up cases and into the Insolvency and Bankruptcy Code, 2016 framework (Section 30(2)(b) IBC mandates that workmen's dues be treated specifically).
4. The judgment is part of Indian corporate law's stakeholder-pluralism trajectory.
5. Hence option B is correct.
_Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC 228_

Answer

a workers' union can NEVER be heard in any winding-up proceeding under the Companies Act (cf. National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC 228)

Answer

winding-up proceedings can be initiated only by creditors, never by workers (cf. National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC 228)

Answer

the National Company Law Tribunal has no jurisdiction over winding-up matters in India (cf. National Textile Workers' Union v. P.R. Ramakrishnan, (1983) 1 SCC 228)