V.Ramaswamy, v. The Managing Director
Case brief
What is this about?
A retired driver petitioned for settlement of terminal benefits including pension and gratuity allegedly withheld by Transport Corporations. The High Court directed settlement in 12 monthly installments with interest.
What did the court decide?
Respondents directed to settle all retirement benefits in 12 equal monthly installments with 6% interest, escalable to 18% for delay.