Phool Kumar v. Punjab Tourism Development Corporation and Ors.
Case brief
What is this about?
Retrenched employees of Punjab Tourism Development Corporation sought payment of Labour Court-awarded compensation plus interest. The Corporation had wound up with assets transferred to Punjab. The High Court directed respondents, jointly with the State, to pay lump sum compensation of Rs.1 lakh to each petitioner within two months, failing which 9% interest would apply.
What did the court decide?
Rs.1 lakh lump sum compensation per petitioner payable in two months; 9% interest if unpaid thereafter; State of Punjab made co-liable.