Matildes Lobato De Faria., v. State of Goa, Thr. the Chief Secretary, Govt. of Goa and 5 Ors.
Case brief
What is this about?
The Goa High Court directed respondents to pay statutory interest on delayed retiral benefits of a retired Head Clerk. Interest rates are 7% per annum for delays up to one year and 10% per annum if delay exceeds one year, based on a 1988 State Circular, to be paid within 8 weeks.
What did the court decide?
Respondents directed to pay interest at 7% p.a. for delays up to one year and 10% p.a. thereon if delay exceeds one year, within 8 weeks.