R.Rajendran v. the Managing Director
Case brief
What is this about?
Retired transport corporation employee sought interest on belated payment of gratuity, provident fund and leave salary. Terminal benefits were admitted to be settled with delay. Court directed 6% interest within six weeks, rising to 9% if not paid.
What did the court decide?
Interest at 6% p.a. on belated terminal benefits payable in six weeks; 9% p.a. from due date till realisation if not paid within that period.