C.Arumugam, v. the Management of
Case brief
What is this about?
A retired Chief Financial Officer challenged non-disbursement of retirement benefits. The Madurai Bench of Madras High Court directed the corporation to pay terminal benefits in twelve equal monthly installments with interest.
What did the court decide?
Terinal benefits to be paid in twelve equal monthly installments at 6% interest per annum, with 18% interest for delays.