Gurumoorthy S v. The Managing Director

ORDER Heard the learned counsel on either side.

2.The writ petitioner joined the respondent corporation as Assistant in the year 1989. He retired from service on 23.07.2020. However, his terminal benefits were settled only on 01.12.2022.

3.It is well settled that for such belated settlement, the retired employee is entitled to interest. I, therefore, direct the respondent Corporation to pay the interest to the writ petitioner computed at the rate of 6% per annum on the belated disbursement from the date of retirement till date of settlement. The interest amount shall be paid within a period of twelve weeks from the date of receipt of a copy of this order.

4.This writ petition is allowed accordingly. No costs.

17.03.2023 NCC : Yes/No Index : Yes / No Internet : Yes/ No ias

G.R.SWAMINATHAN, J. ias

17.03.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 17.03.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN S.Gurumoorthy ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (KMB) Ltd., New Railway Station Road, Kumbakonam – 612 001. 2.The General Manager, Tamil Nadu State Transport Corporation (KMB) Ltd., Kumbakonam Region, New Railway Station Road, Kumbakonam – 612 001. 3.The Administrator, Tamil Nadu State Transport Corporation Employees Pensions Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai – 2. ... Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Mandamus, direct the respondents to disburse interest at the rate of 6 percent for the belated payment of retirement benefits Gratuity, Provident Fund, Leave salary and Commutation. For Petitioner : Mr.K.Gokul For Respondents : Mr.K.Jegadeesbalan, Standing Counsel for R1 & R2. Mr.S.C.Herold Singh, Standing Counsel for R3.