The Supreme Court has issued a status quo on the subject matter of a High Court verdict that declared illegal a labour appellate tribunal's award regarding Grameen Kalyan dividend.
The labour tribunal on April 03 said 106 sacked and retired employees of the Nobel laureate Prof Dr Muhammad Yunus-owned Grameen Kalyan were entitled to 5.0 per cent of its net profit.
On Sunday, Justice M Enayetur Rahim, chamber judge of the Appellate Division, passed the order after hearing a plea filed by the employees against the HC verdict.
The judge also sent the matter to the regular bench for detailed hearing on 05 February 2024.
On November 30, the HC declared illegal the labour appellate tribunal's award.
The HC bench of Justice Zafar Ahmed and Justice Khandaker Diliruzzaman delivered the verdict after hearing a rule, issued earlier, questioning the labour tribunal's award. The employees filed a case with the tribunal under section 231 of the Labour Act to get the share for the period from 2006 to 2012 from Workers Welfare Fund and Workers Profit Participation Fund.
Challenging the legality of the tribunal's decision, the Grameen Kalyan authorities filed a writ petition with the High Court.
Following the writ, the HC on May 31 issued a rule questioning the legality of the tribunal's award and a status quo on the award for six months.
Following a petition, the Appellate Division on July 10 ordered the HC to dispose of the rule issued in this regard within two months.
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