Bethanasamy .M v. The Managing Director

ORDER Heard the learned counsel on either side.

2.The writ petitioner joined the respondent corporation as Senior Grade Tradesman in the year 1988. He voluntarily retired from service on 31.07.2022. 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.

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.Bethanasamy ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (MDU) Ltd., Bye-Pass Road, Madurai. 2.The Administrator, Tamil Nadu State Transport Corporation Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai-02. ... 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 pay 6% interest on the delayed payment of retirement benefits paid to the petitioner from the date of his voluntarily retirement on 3.107.2022 to actual payment made on 30.05.2023 in view of the High Court orders and the petitioner's representation dated 05.06.2023. For Petitioner : Mr.P.Vijaynivas For Respondents : Mr.S.C.Herold Singh