Shanmugam .U v. The Tamil Nadu State Transport Corporation (Kumbakonam) Limited

ORDER Heard the learned counsel on either side.

¶2The writ petitioner joined the respondent corporation as Driver. He retired on 31.05.2022. However, his terminal benefits were settled only on

31.05.2023. 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.

¶3This writ petition is allowed accordingly. There shall be no order as to costs.

28.06.2023 Index : Yes / No Internet : Yes / No NCC : Yes / No MGA To

1.The Managing Director, Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Kumbakonam.

2.The General Manager, Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Trichy Region, Trichy – 620 001.

3.The Chief Financial Officer, The Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Kumbakonam – 612 001.

4.The Administrator, Tamil Nadu State Transport Corporation Employees Pension Fund Trust, Thiruvalluvar House, Anna Salai, Chennai – 600 002.

G.R.SWAMINATHAN, J. MGA

28.06.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 28.06.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN U.Shanmugam ... Petitioner Vs 1.The Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Represented by its Managing Director, Kumbakonam. 2.The General Manager, Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Trichy Region, Trichy – 620 001. 3.The Chief Financial Officer, The Tamil Nadu State Transport Corporation (Kumbakonam) Ltd., Kumbakonam – 612 001. 4.The Administrator, Tamil Nadu State Transport Corporation Employees Pension Fund Trust, Thiruvalluvar House, Anna Salai, Chennai – 600 002. ... Respondents Prayer: Writ Petition filed under Article 226 of the Constitution of India praying 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 and Commutation within the time limit that may by fixed by this Court. For Petitioner : Mr.D.Senthilkumar For Respondents : Mr.K.Ramaiah Standing Counsel for R.1 to R.3 Mr.S.C.Herold Singh Standing Counsel for R.4