Meenakshisundaram.P v. The Tamilnadu State Transport Corporation (Madurai) Limited

ORDER The present writ petition has been filed seeking direction to the respondents to settle interest at the rate of 6% per annum for the belated payment of petitioner's terminal benefits including Provident Fund, Gratuity, Terminal Leave Salary and Commuted Value of Pension from the date of his retirement i.e from 31.05.2022 to 30.05.2023 the date on which the said benefits were settled to him.

¶2Heard the learned counsel on either side.

¶3The petitioner was employed as Driver by the respondent corporation on 17.06.1987. He retired from service on 31.05.2022.

¶4It is admitted that his terminal benefits were not settled immediately but only belatedly. The only question that arises for consideration is as regards the rate of interest payable on the belated settlement.

¶5The issue raised in this writ petition was already decided by this Court vide order, dated 07.03.2023 in W.P(MD)No.4866 of 2023 (C.Murugan Vs. The Tamil Nadu State Transport Corporation (Tirunelveli) Ltd., & Another).

¶6In view of the above, this Writ Petition is allowed by directing the respondent management to pay interest at the rate of 6% per annum for belated settlement of petitioner's terminal benefits. This shall be done within a period of twelve (12) weeks from the date of receipt of a copy of this order. No costs.

21.07.2023 NCC : Yes / No Index : Yes / No Internet : Yes/ No gbg To

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

2.The Administrator, The Tamil Nadu State Transport Corporation Employees Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai-02.

L.VICTORIA GOWRI, J.

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21.07.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 21.07.2023 CORAM THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI P.Meenakshisundaram ... Petitioner Vs. 1.The Tamil Nadu State Transport Corporation (Madurai) Ltd., Represented by its Managing Director, Madurai. 2.The Administrator, The 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, directing the respondents to settle interest at the rate of 6% per annum for the belated payment of petitioner's terminal benefits including Provident Fund, Gratuity, Terminal Leave Salary and Commuted Value of Pension from the date of his retirement i.e from 31.05.2022 to 30.05.2023 the date on which the said benefits were settled to him. For Petitioner : Mr.A.Rahul For R1 : Mr.S.Ramachandra Pradeep Standing Counsel For R2 : Mr.S.C.Herold Singh Standing Counsel