Jeyanthi M v. The Managing Director

ORDER Heard the learned counsel on either side.

2.The writ petitioner joined the respondent corporation as Helper in the year 1995. He retired from service on 30.06.2022. However, her terminal benefits were settled only on 23.05.2023.

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 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.

20.06.2023 NCC : Yes/No Index : Yes / No Internet : Yes/ No rmi

G.R.SWAMINATHAN, J. rmi

20.06.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 20.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN M.Jeyanthi ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (KMB) Ltd., New Railway Station Road, Kumbakonam-612001. 2.The General Manager, Tamil Nadu State Transport Corporation (KMB) Ltd., Karaikudi Region, Managiri Post, Maruthapathi, Karaikudi, Sivagangai District. 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, to direct the respondents to disburse interest at the rate of 6% for the belated payment of retirement benefits Gratuity, Provident Fund, Leave Salary and Commutation. For Petitioner : Mr.K.Gokul For Respondents : Mr.K.Ramaiah standing counsel for R1 & R2 : Mr.S.C.Herold Singh for R3