Mahadev Ravba Ithape and Ors. v. Satara Dist. Agricultural Rural and Multipurpose Dev Co. Op Bank Ltd. and Ors.
Case brief
What is this about?
This bench entertained writ petitions challenging the Industrial Court's order issuing Recovery Certificates without interest, holding that while review was not maintainable, the tribunal was directed to award interest to prevent hardship to retired employees.
What did the court decide?
Writ petitions disposed of with a direction to the Respondent Bank to pay interest @ 6% p.a. on principal amounts covered by Recovery Certificates from 25/03/2009 until actual payment.