Dhakshinamurthy.L v. The Managing Director
Case brief
What is this about?
The court allowed the writ petition. It quashed an order directing terminal benefits with 18% interest, holding that the Division Bench in a similar earlier case set aside interest. The petitioner is permitted to retire, and terminal benefits must be settled within 12 weeks, carrying 6% interest only if there is delay beyond that period, but no interest from the date of default.
What did the court decide?
The impugned order directing 18% interest is quashed. Petitioner permitted to retire. Terminal benefits to be settled within 12 weeks carrying 6% interest only if delayed beyond the period.