Balakrishnan K v. The Tamil Nadu State Transport Corporation (Kumbakonam) Ltd.,

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 20.06.2023

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN K.Balakrishnan ... Petitioner Vs.

1.The Managing Director, Tamil Nadu State Transport Corporation (KMB) Ltd., New Railway Station Road, Kumbakonam-612001.

2.The General Manager, Tamil Nadu State Transport Corporation (KMB) Ltd., Karaikudi Region, Nagapattinam Region, Nagapattinam.

3.The Administrator, Tamil Nadu State Transport Corporation Employees Pensions 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, to direct the respondents to disburse interest at the rate of 6% for the belated payment of retirement benefits to the petitioner from the date of his retirement ie., 31.01.2022 to actual 1/4

payment made on 13.03.2023 in view of the High Court orders and the petitioner's representation dated 09.06.2023. For Petitioner : Mr.K.A.S.Prabhu For Respondents : Mr.K.Ramaiah standing counsel for R1 & R2 : Mr.S.C.Herold Singh for R3

ORDER

Heard the learned counsel on either side.

2.The writ petitioner joined the respondent corporation as Conductor in the year 1996. He retired from service on 31.01.2022. However, his terminal benefits were settled only on 13.03.2023. 3.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. 2/4

4.This writ petition is allowed accordingly. No costs. 20.06.2023 NCC : Yes/No Index : Yes / No Internet : Yes/ No rmi 3/4

G.R.SWAMINATHAN, J.

rmi 20.06.2023 4/4