V.Siddhaiyan v. The Managing Director
Case brief
What is this about?
Retired transport corporation employee sought 6% interest on belated payment of terminal benefits settled months after superannuation. Standing Counsel conceded liability for 6% interest; Court directed payment from date of retirement till actual disbursal within six weeks.
What did the court decide?
Respondents directed to pay 6% per annum interest on belated terminal benefits from date of retirement till disbursal, within six weeks.