Ramesh S v. The Managing Director
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 05.01.2024
CORAM
THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI W.P(MD)No.146 of 2024 S.Ramesh ... Petitioner Vs.
1.The Managing Director, Tamil Nadu State Transport Corporation (Madurai) Ltd., Bye-Pass Road, Madurai-16.
2.The General Manager, Tamil Nadu State Transport Corporation (Madurai) Ltd., Madurai Region, Madurai.
3.The Administrator, Tamil Nadu State Transport Corporation Employee's Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai-2.
... 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 the belated payment interest at the rate of 6% p.a. on the delayed payment of retirement benefits such as Provident fund Rs.6,13,527/-, Gratuity Rs.5,90,843/-, Leave Salary Rs.3,39,214/- and Commutation Rs.4,39,000/- 1/5
from the date of retirement on 31.03.2019 till the date of settlement on 21.09.2019.
For Petitioner : Mr.S.Govindan For R1 & R2 : Mr.S.Gladson Michael Rajadurai Standing Counsel For R3 : Mr.S.C.Herold Singh Standing Counsel
ORDER
The present writ petition has been filed seeking direction to the respondents to settle the belated payment interest at the rate of 6% p.a. on the delayed payment of retirement benefits such as Provident fund Rs.6,13,527/-, Gratuity Rs.5,90,843/-, Leave Salary Rs.3,39,214/- and Commutation Rs. 4,39,000/- from the date of retirement on 31.03.2019 till the date of settlement on 21.09.2019.
2. Heard the learned counsel on either side.
3. The petitioner retired from service on 31.03.2019 and his terminal benefits were released only on 21.09.2019.
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4. It 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.
5. The 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).
6. In view of the above, this Writ Petition is disposed of 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. 05.01.2024 NCC : Yes / No Index : Yes / No Internet : Yes gbg 3/5
To 1.The Managing Director, Tamil Nadu State Transport Corporation (Madurai) Ltd., Bye-Pass Road, Madurai-16.
2.The General Manager, Tamil Nadu State Transport Corporation (Madurai) Ltd., Madurai Region, Madurai.
3.The Administrator, Tamil Nadu State Transport Corporation Employee's Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai-2.
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L.VICTORIA GOWRI, J.
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