Moorthy .K v. The Managing Director

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 1992. He retired from service on 31.10.2022. However, his terminal benefits were settled only on 03.06.2023.

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

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 23.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN K.Moorthy ... Petitioner Vs. 1.The Managing Director, Tamil Nadu State Transport Corporation (MDU) Ltd., Bye-Pass Road, Madurai. 2.The Administrator, Tamil Nadu Staet Transport Corporation Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai – 600 002. ... 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 pay the 6 percent interest on the delayed payment of retirement benefits paid to the petitioner, from the date of his retirement on 31.10.2022 to actual payment made on 03.06.2023, in view of the High Court Orders and the petitioner's representation dated 16.06.2023. For Petitioner : Mr.P.Vijay Nivas For Respondents : Mr.S.Raja, Standing Counsel for R1. Mr.S.C.Herold Singh, Standing Counsel for R2.