K.Raja v. M/S.Tamil Nadu State Transport Corporation

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 08.04.2024

CORAM

THE HONOURABLE MR.JUSTICE D. BHARATHA CHAKRAVARTHY K. Raja ... Petitioner -VsM/s.Tamil Nadu State Transport Corporation Employees' Pension Fund Trust, Rep. by its Administrator No.2, Pallavan Salai, Chennai 600 002.

... Respondent Prayer :- Writ Petition filed under Article 226 of the Constitution of India praying for the issuance of a Writ of Mandamus directing the respondent herein to settle a sum of Rs.1,12,260/- to the petitioner herein towards 6% interest for the belated settlement of commutation amount by considering the representation of the petitioner dated 27.03.2021 and 26.03.2024. For Petitioner : Mr.D.Soundar Raj For Respondent : Mr.K.Raja Standing Counsel

O R D E R

This writ petition is filed for a issuance of direction to the respondent to settle a sum of Rs.1,12,260/- due to the petitioner towards the

interest due on the belated settlement of commutation amount.

2. The learned Standing Counsel appearing for the respondent Corporation submitted that in a similar matter only 6% p.a. has been ordered.

3. In that view of the matter, the respondent Corporation is directed to pay interest @ 6% p.a. from the date on which the commutation amount was due till the date of settlement and the arrears have to be settled within a period of eight weeks from the date of receipt of a copy of this order. If the arrears is not settled within a period of eight weeks from the date of receipt of a copy of this order, then the rate of interest would be 12% p.a from the date on which the amount became due till the amount is settled.

4. With the above direction, this writ petition is disposed of. No costs. 08.04.2024 Index : Yes/No Speaking order/Non-speaking order dpq

To M/s.Tamil Nadu State Transport Corporation Employees' Pension Fund Trust, Rep. by its Administrator No.2, Pallavan Salai, Chennai 600 002.

D. BHARATHA CHAKRAVARTHY , J.

dpq 08.04.2024