Ganapathy S v. The Managing Director

O R D E R Heard the learned counsel on either side.

2.The writ petitioner retired from service as Special Grade Driver in the respondent corporation on 31.05.2022. However, his terminal benefits were settled only on 30.05.2023.

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.

19.06.2023 NCC : Yes / No Index : Yes / No Internet : Yes / No ias G.R.SWAMINATHAN,J. ias

19.06.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 19.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN S.Ganapathy ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (Madurai) Ltd., Bye-Pass Road, Mdurai – 16. 2.The General Manager, Tamil Nadu State Transport Corporation (Madurai) Ltd., Virudhunagar Region, Virudhunagar. 3.The Administrator, Tamil Nadu State Transport Corporation Employees Pension 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, directing the respondents to settle the belated payment interest at the rate of 18 percentage p.a. on the delayed payment of Retirement Benefits such as Provident Fund Rs.14,48,659/-, Gratuity Rs.13,351,822/-, Leave Salary Rs.3,71,358/- and Commutation Rs.8,27,627/- from the date of retirement on 31.05.2022 till the date of settlement on 30.05.2023. For Petitioner : Mr.S.Govindan For Respondents : Mr.K.Ramaiah, Standing Counsel for R1 & R2. Mr.S.C.Herold Singh, Standing Counsel for R3.