Berkmans 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 employee seeking 18% interest on delayed retirement benefits. The Court held that while interest is payable, the claimed rate was excessive and directed the respondents to pay 6% interest.
What did the court decide?
Directing the respondents to pay interest at the rate of 6% for the belated payment of retirement benefits from the date of retirement till the date of actual payment.