Industrial Disputes Act, 1947
104[(1) A settlement arrived at by agreement between the employer and workman otherwise than in the course of conciliation proceeding shall be binding on the parties to the agreement.
(2) 105[Subject to the provisions of sub-section (3), an arbitration award] which has become enforceable shall be binding on the parties to the agreement who referred the dispute to arbitration.]
106[(3)] A settlement arrived at in the course of
conciliation proceedings under this Act 107[or an arbitration award
in a case where a notification has been issued under sub-section (3A) of
section 10A] or 108[an award 109[of a
(a) all parties to the industrial dispute;
(b) all other parties summoned to appear in
the proceedings as parties to the dispute, unless the Board 107[arbitrator]
(c) where a party referred to in clause (a) or clause (b) is an employer, his heirs, successors or assigns in respect of the establishment to which the dispute relates;
(d)where a party referred to in clause (a) or clause (b) is composed of workmen, all persons who were employed in the establishment or part of the establishment., as the case may be, to which the dispute relates on the date of the dispute and all persons who subsequently become employed in that establishment or part.