Sachidhanandham .A v. The Tamil Nadu State Transport Corporation (Kumbakonam) Ltd

ORDER 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 31.03.2022. However, his terminal benefits were settled only on 27.03.2023.

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.

27.06.2023 NCC : Yes/No Index : Yes / No Internet : Yes/ No rmi

G.R.SWAMINATHAN, J. rmi

27.06.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 27.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN A.Sachidhanandham ... Petitioner Vs. 1.Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Represented by its Managing Director, Kumbakonam. 2.The General Manager, Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Karaikudi Region, Karaikudi. 3.The Administrator, Tamil Nadu State Transport Corporation, Employees 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 settle interest at the rate of 6% per annum for the belated payment for the petitioner's terminal benefits including provident fund, gratuity, terminal leave salary and commuted value of pension from the date of the petitioner's retirement to till the date on which the said benefits were settled to the petitioner. For Petitioner : Mr.A.Rahul For Respondents : Mr.K.Ramaiah Standing Counsel for R1 & R2 : Mr.S.C.Herold Singh for R3