Mrinal Halder v. the Durgapur Project Ltd. and Ors.
Case brief
What is this about?
The Calcutta High Court disposed of a writ petition claiming interest on delayed retirement benefits. Relying on a prior order, the Court directed the respondent to pay 6% annual interest on gratuity and leave salary from the retirement date. Failure to comply attracts a 10% statutory rate.
What did the court decide?
Respondent directed to pay interest at 6% per annum on Rs.11,26,643 from 1st August 2017 to 14th December 2018; statutory default of 10% if not paid within six months.