Chandrasekaran. Vr v. The Tamil Nadu State Transport Corporation (Kumbakonam) Limited

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

2.The writ petitioner joined the respondent corporation as Driver in the year 1987. He retired from service on 31.07.2022. However, his terminal benefits were settled only on 29.05.2023.

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.

23.06.2023 NCC : Yes / No Index : Yes / No Internet : Yes / No ias G.R.SWAMINATHAN,J. ias

23.06.2023 (2/4)

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 23.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN V.R.Chandrasekaran ... Petitioner Vs. 1.Tamil Nadu State Transport Corporation (KMB) Ltd., Rep. by its Managing Director, Kumbakonam – 612 001. 2.The General Manager, Tamil Nadu State Transport Corporation (KMB) Ltd., Trichy Region, Trichy – 620 001. 3.The General Manager, Tamil Nadu State Transport Corporation (KMB) Ltd., Karur Region, Karur – 620 001. 4.The Chief Financial Officer, Tamil Nadu State Transport Corporation (KMB) Ltd., Kumbakonam – 612 001. ... Respondents Prayer: Writ petition is filed under Article 226 of the Constitution of India, to issue a Writ of Mandamus, directing the respondents to pay interest at the rate of 18% per annum for the belated payment of retirement benefits including Provident Fund and Leave encashment and 1998 ML encashment within the time limit that may be fixed by this Court. For Petitioner : Mr.D.Senthilkumar For Respondents : Mr.K.Ramaiah, Standing Counsel.