Authority: Supreme Court of India (Bench: Justices Sanjay Karol and Augustine George Masih)
Order Date: 11 August 2026
Case Overview
- Petitioners: Harihar Polyfibers (seeking special leave to appeal against High Court judgments dated 24‑10‑2025 in WA No.100250/2021 and RP No.100126/2022).
- Respondents: M/s Grasim Industries Ltd. & Ors.
- The petition challenges the High Court’s directions concerning liabilities to employees who have retired or will retire.
- The Supreme Court heard senior counsel for both sides on 11‑08‑2026 and considered the material on record, including the High Court’s judgment dated 05‑07‑2022 in WA No.100250/2021 (L‑RES).
Order
1. Grasim Industries Ltd. shall deposit the amount specified in the High Court’s 05‑07‑2022 order in the Registry of the Supreme Court within four (04) weeks from the date of this order.
2. The amount shall be placed as a fixed deposit with auto‑renewal for a period of one (01) year in any nationalized bank.
3. The deposit shall remain subject to the final outcome of the present petition with respect to all employees who have retired or will retire after the pronouncement of the judgment/order.
4. A list of the affected employees shall be filed on or before 22 September 2026.
Final Outcome
Grasim Industries is required to make the stipulated deposit within the stipulated timeframe, securing funds for current and future retirees pending the Supreme Court’s final determination on the petition.
Topics: Legal; Employee Benefits