Ganesan .S.P v. The Managing Director

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 26.09.2022

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN S.P.Ganesan ... Petitioner Vs 1.The Managing Director, Tamilnadu State Transport Corporation (MDU) Ltd., Bye-Pass Road, Madurai.

2.The Administrator, Tamilnadu State Transport Corporation Employees Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai - 600 002.

... Respondents Prayer: Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus, directing the respondents to pay 6 % interest on the delayed payment of retirement benefits paid to the petitioner in view of this Court orders and the petitioner's representation, dated 09.09.2022. 1/4

For Petitioner : Mr.SP.Vijay Nivas For Respondent : Mr.S.Siva Balaji Standing Counsel for R.1 Mr.S.C.Herold Singh Standing Counsel for R.2

ORDER

Heard the learned counsel on either side.

2. The petitioner worked as Foreman in the respondent Corporation. He retired on 31.03.2018. However, his terminal benefits were settled only in the month of October, 2018 (Nearly Seven months later). 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. No costs.

26.09.2022 Index : Yes / No Internet : Yes/ No mga 2/4

To 1.The Managing Director, Tamilnadu State Transport Corporation (MDU) Ltd., Bye-Pass Road, Madurai.

2.The Administrator, Tamilnadu State Transport Corporation Employees Pension Fund Trust, Thiruvalluvar Illam, Pallavan Salai, Chennai - 600 002.

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G.R.SWAMINATHAN, J.

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