Madras High CourtWP(MD)/20588/2023disposed of

B.Venkatachalam v. The Tamil Nadu State Transport Corporation (Salem) Limited

2023-08-24Honourable Mrs Justice L.Victoria Gowri5 pages

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 24.08.2023

CORAM

THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI B.Venkatachalam ... Petitioner Vs.

1.The Tamil Nadu State Transport Corporation Represented by its Managing Director, 2.The Chief Financial Officer, ... 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 herein to pay interest at the rate of 15% per annum from 01.08.2019 to 28.10.2022 towards the belated settlement of Provident Fund amount to the petitioner.

For Petitioner : Mr.D.Siva Raman For Respondents : Mr.K.Ramaiah Standing Counsel 1/5

ORDER

The present writ petition has been filed seeking direction to the respondents herein to pay interest at the rate of 15% per annum from 01.08.2019 to 28.10.2022 towards the belated settlement of Provident Fund amount to the petitioner.

2. By consent of both parties, this Writ Petition is taken up for final disposal at the stage of admission itself.

3. The petitioner was employed as Junior Manager (Accounts) by the respondent Corporation on 16.03.1988. He retired from service on 31.07.2019.

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. 2/5

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 stands disposed of by directing the respondent Corporation 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. There shall be no order as to costs.

24.08.2023 NCC : Yes / No Index : Yes / No Internet : Yes BTR To 1.The Managing Director, 3/5

2.The Chief Financial Officer, 4/5

L.VICTORIA GOWRI, J.

BTR 24.08.2023 5/5