V.Kochadai, S/O.M.Velu v. the Managing Director
Case brief
What is this about?
The Madurai Bench of the Madras High Court disposed of a writ petition filed by a retired transport corporation employee. Directing the transport corporation to pay the petitioner's unutilized terminal benefits in twelve equal monthly instalments, with a recourse to file separate proceedings for grievances regarding computation or accrued interest.
What did the court decide?
Direction to settle terminal benefits in twelve equal monthly instalments, payable within 10 days of each succeeding month interest @ 6% per annum, with interest @ 18% for delayed installments.