R. Gnanasekaran v. The Managing Director
Case brief
What is this about?
The Court disposed of a writ petition seeking 6% interest on delayed retirement benefits. Noting a modification in a prior order due to financial constraints, the Court directed payment of interest at 4% per annum in six instalments.
What did the court decide?
Directed respondents to pay interest at 4% per annum on delayed payment of gratuity etc. in six equal monthly instalments.