Power to terminate contracts of employments

Power to terminate contracts of employments -

If the custodian is of the opinion thatany contract of employment entercd into by either of the Tea Companies or any managing agent or managing or other Director of either of the Tea companies in relation to the concerned Tea Unit at any time before the appointed day is unduly onerous, he or it may, subject to the provisions of the Industrial Disputes Act, 1947 modify the terms and conditions of service embodied in that contract after giving the employees an opportunity of stating his case or terninate such contract of employment after giving him one month's notice in writing or salary or wages for one month in lieu thereof.