K.Velmurugan v. The Managing Director

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 16.03.2023

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN K.Velmurugan ... Petitioner Vs The Managing Director, Tamilnadu State Transport Corporation (Madurai) Limited, Byepass Road, Madurai - 625 016.

... Respondent Prayer: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus, directing the respondent to pay interest at the rate of 6 percentage per annum to the petitioner for the belated payment of Gratuity, Provident Fund and Leave salary from the date of retirement to the date of actual payment.

For Petitioner : M/s.D.Ramya For Respondent : Mr.K.Ramaiah Standing Counsel 1/3

ORDER

Heard the learned counsel on either side.

2. The writ petitioner was working as a Senior Grade Technician in the respondent Corporation. He voluntarily retired on 28.02.2021. However, his terminal benefits were settled only on 02.12.2022. 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.

3. This writ petition is allowed. There shall be no order as to costs. 16.03.2023 Index : Yes / No Internet : Yes / No NCC : Yes / No MGA To The Managing Director, Tamilnadu State Transport Corporation (Madurai) Limited, Byepass Road, Madurai - 625 016.

2/3

G.R.SWAMINATHAN, J.

MGA 16.03.2023 3/3