Single judge of Madras High Court allowed a writ petition. The court directed the respondents to pay interest at 6% per annum on belatedly settled terminal benefits from the date of retirement until settlement.
Direction to pay interest at 6% per annum on belated terminal benefits within twelve weeks.
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1 W.P.(MD)NO.24456 OF 2022
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT
DATED: 27.10.2022
CORAM
THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN
W.P.(MD)No.24456 of 2022
R.Nehru ... Petitioner
Vs.
Prayer: Writ petition is filed under Article 226 of the Constitution of India, to issue a Writ of Mandamus, directing the respondents to settle interest at the rate of 6 % per annum for the belated payment of petitioner's terminal benefits including Provident Fund, Gratuity, Commuted Value of Pension and Terminal Leave Salary from the date of his retirement to till the date on which the said benefits were settled to him.
For Petitioner : Mr.A.Rahul For Respondents: Mr.S.C.Herold Singh, Standing Counsel. * * *
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2 W.P.(MD)NO.24456 OF 2022
O R D E R
Heard the learned counsel on either side.
the respondent Corporation. He retired from service on 30.04.2019. However, his terminal benefits were settled belatedly.
3.It is well settled that for such belated settlement, the retired employee is entitled to interest. I, therefore, direct the respondent Corporation to pay the interest to the writ petitioner computed at the rate of 6% per annum on the belated disbursement from the date of retirement till date of settlement. The interest amount shall be paid within a period of twelve weeks from the date of receipt of a copy of this order.
4.This writ petition is allowed accordingly. No costs.
27.10.2022
Index : Yes / No Internet : Yes/ No
PMU
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To:
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G.R.SWAMINATHAN,J.
PMU
W.P.(MD)No.24456 of 2022
27.10.2022
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1 issue framed by the court
Whether a retired employee is entitled to interest on belated settlement of terminal benefits.
1 provisions across 1 enactments
R.Nehru
The Tamil Nadu State Transport Corporation (Madurai) Ltd.
The General Manager, Tamil Nadu State Transport Corporation (Madurai) Ltd.
The Administrator, Tamil Nadu State Transport Corporation Employees Pension Fund Trust
G.R.Swaminathan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
