Explanation:

The adjudication machinery has to consider not only the demands of social justice but also the claims of national economy.

The fundamental principle, emphasized by the Supreme Court that should guide industrial adjudication is social justice. In fact other principles only flow from this basic postulate. Social justice is an application of the fundamentals of the sociological jurisprudence in the realm of labour laws. The principle of social justice broadly connotes the adjustment or balancing of conflicting interests between capital and labour with a view to securing the basic idea of socio-economic equality. In fact the principle o social justice became the “articulate major premise”, upon which the whole edifice of industrial adjudication is constructed and developed