Sivakumar.B v. The Managing Director
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 29.10.2021
CORAM:
THE HONOURABLE MR.JUSTICE D.KRISHNAKUMAR B.Sivakumar ... Petitioner -vs1.The Managing Director Tamil Nadu State Transport Corpn., (KMB) Ltd., 27, New Railway Station Road Kumbakonam-612 001 2.The General Manager Tamil Nadu State Transport Corpn., (KMB) Ltd., Karaikudi Region Managiri Road Maruthapathi, Karaikudi Sivagangai District 3.The Administrator Tamilnadu State Transport Corporation Employees Pensions Fund Trust Thiruvalluvar Illam Pallavan Salai, Chennai-2 ... Respondents PRAYER: Petition filed under Article 226 of the Constitution of India, to issue a writ of mandamus directing the respondents to disburse interest at the rate of 6% for the belated payment of retirement benefits, gratuity, provident fund, leave salary and commutation.
For Petitioner :Mr.Gokul.K.
For Respondents :Mr.P.Balasubramanian, Standing Counsel
O R D E R
The prayer in this writ petition is for issuance of a writ of mandamus directing the respondents to disburse interest at the rate of 6% per annum for the belated payment of retirement benefits, gratuity, provident fund, leave salary and commutation.
2. Heard the learned counsel appearing for the petitioner and the learned Standing Counsel appearing for the respondents.
3. The petitioner is a retired employee of the respondent Transport Corporation. He retired from service on 29.02.2020. The respondents have settled the retirement benefits to the petitioner only in the month of June, 2021.
4. According to the petitioner, the issue involved in the present writ petition is that the respondents have settled the aforesaid amount belatedly, after a delay of more than one year and they have also not paid interest for the belated payment to the petitioner. Hence, the petitioner has made a representation to the concerned Authorities to pay interest at the rate of 6% per annum. The petitioner has also relied on the decision of the earlier writ petition of this Court in W.P.(MD)No.19950 of 2020 dated 04.01.2021, J. Gurumoorthy vs TNSTC (Kumbakonam) Ltd. In the above referred decision, this Court has fixed the rate of interest at 6% per annum for the belated payment of retirement benefits. On the same line, orders to be in the present writ petition.
5. The learned Standing Counsel appearing for respondents would submit that the respondents have settled the retirement benefits to the petitioner belatedly. Therefore, the petitioner is entitled for interest as decided in the earlier writ petition of this Court in W.P.(MD).No.19950 of 2020.
6. In the light of the above observations and with the consent of both parties, there shall be a direction to the respondents to pay the penal interest at the rate of 6% per annum on the belated payment of the retirement benefits for the period from the date of the retirement till the date of actual disbursement, as expeditiously as possible and in any event, within a period of four months from the date of receipt of a copy of this order, subject to the condition that if the petitioner has not already given up his right for claiming interest for the retirement benefits.
7. Accordingly, the writ petition is allowed. No costs. SD ASSISTANT REGISTRAR ( AD II ) TRUE COPY /11/2021 SUB ASSISTANT REGISTRAR ( CS
Note :
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krk/vsm TO:
1.The Managing Director Tamil Nadu State Transport Corpn., (KMB) Ltd., 27, New Railway Station Road Kumbakonam-612 001 2.The General Manager Tamil Nadu State Transport Corpn., (KMB) Ltd., Karaikudi Region Managiri Road Maruthapathi, Karaikudi Sivagangai District 3.The Administrator Tamilnadu State Transport Corporation Employees Pensions Fund Trust Thiruvalluvar Illam Pallavan Salai, Chennai-2 1CC TO MR. P.BALASUBRAMANIAN,ADVOCATE SR 33296 RS PM 19/11/2021 3P/5C 29.10.2021