Vamadevan.B v. the Management of
Case brief
What is this about?
In a writ petition for mandamus, the petitioner sought 12% interest for delayed retirement benefits. Relying on a prior judgment fixing interest at 6%, the Court, by mutual consent, directed the respondent to pay 6% p.a. within four months if the petitioner has not waived the right.
What did the court decide?
Directive to pay penal interest at 6% per annum for the period of delay of retirement benefits within four months.