Vasudevan.G v. The Managing Director

ORDER Heard the learned counsel on either side.

2.The writ petitioner joined the respondent corporation as Junior Tradesman in the year 1980. He retired from service on 30.04.2016. However, his terminal benefits were settled only on 16.08.2018.

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.

20.04.2023 Index : Yes / No Internet : Yes/ No rmi

G.R.SWAMINATHAN, J. rmi

20.04.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 20.04.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN G.Vasudevan ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (MDU) Ltd., Bye-pass Road, Madurai-625 016. 2.The General Manager, Tamil Nadu State Transport Corporation (MDU) Ltd., Collectorate Post, Bye-Pass Road, Dindigul-624 004. ... Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Mandamus, to direct the respondent to disburse interest at the rate of 6% for the belated payment of retirement benefit gratuity and leave salary. For Petitioner : Mr.K.Gokul For Respondents : Mr.S.Ramachandra Padeep Standing Counsel