T.Rajan v. The Management of Tamilnadu State Transport Corporation (Kumbakonam) Ltd.
Case brief
What is this about?
A retired transport corporation employee sought 18% interest for the delayed payment of his EPF contribution, gratuity and leave encashment paid belatedly after superannuation. Court directed the respondent to pay 6% interest from the due date till disbursement within twelve weeks.
What did the court decide?
Respondent to pay 6% interest on terminal benefits from due date till disbursement, within twelve weeks.