Eknath Jairam Gawade v. Municipal Corporation of Greater Mumbai and Anr.
Bombay HCCONPW/54/2022
Case brief
AI extract
What is this about?
In multiple contempt petitions challenging an interim order directing 9% p.a. interest on retiral benefits, this court allowed a reduction to 6% p.a. in exchange for immediate payment of the principal by the BEST. The petitions were disposed accordingly.
What did the court decide?
Reduction of interest rate on delayed retiral benefits from 9% to 6% p.a. with payment to be made within three months.