A.Inbaraja v. The Managing Director

ORDER Heard the learned counsel on either side.

¶2The writ petitioner joined the respondent Corporation in the year 1990. He retired on 31.03.2022. However, his terminal benefits were settled only on

13.03.2023. 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.

¶3This writ petition is allowed. There shall be no order as to costs.

12.04.2023 Index : Yes / No Internet : Yes/ No NCC : Yes / No MGA To

1.The Managing Director, Tamil Nadu State Transport Corporation, (Madurai) Limited, Bye-Pass Road, Madurai.

2.The Administrator, Tamil Nadu State Transport Corporation Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai – 600 002.

G.R.SWAMINATHAN, J. MGA

12.04.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 12.04.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN A.Inbaraja ... Petitioner Vs 1.The Managing Director, Tamil Nadu State Transport Corporation, (Madurai) Limited, Bye-Pass Road, Madurai. 2.The Administrator, Tamil Nadu State Transport Corporation Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai – 600 002. ... Respondents Prayer: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus, directing the respondents to pay the 6 Percent interest on the delayed payment of retirement benefits paid to the petitioner, from the date of his retirement on VRS i.e., 31.03.2022 to actual payment made on 13.03.2023, in view of this Court orders and the petitioner's representation dated 20.03.2023. For Petitioner : Mr.SP.Vijay Nivas For Respondents : Mr.S.Raja Standing Counsel for R.1 Mr.S.C.Herold Singh Standing Counsel for R.2