Rajendran. M.S. v. The Managing Director
Case brief
What is this about?
This single-judge judgment quashed an earlier order directing payment of terminal benefits with 18% interest, aligning with a Division Bench precedent. The court allowed the petition, permitting retirement and directing settlement of benefits without interest within 12 weeks, imposing simple interest thereafter for delays.
What did the court decide?
Petitioner permitted to retire; terminal benefits to be settled within 12 weeks without interest; 6% interest applies if delayed beyond 12 weeks.