Authority: Court (unspecified)
Order Date: Not specified
Case Overview
- Petitioner: Jiten Bhui, retired employee of Durgapur Projects Limited, sought interest on delayed gratuity and leave encashment payments.
- Respondents: Durgapur Projects Limited and others; represented by Advocate Sujit Sankar Koley, who argued the company's severe financial instability.
- The court reiterated settled law that retirement dues are a statutory right payable immediately upon retirement, not a discretionary bounty.
- The petition argued that the delayed release of dues warranted interest; the respondents contended inability to pay interest due to financial distress.
Final Outcome
- The court directed Durgapur Projects Limited (respondent nos. 2 and 4) to calculate and disburse interest at 6% per annum from the date of accrual until actual payment.
- The calculated interest must be paid within six months of the order's communication.
- If payment is not made within this period, an additional interest of 2% per annum (total 8%) will be payable to the petitioner.
- The writ petition is disposed of, and an urgent certified copy of the order may be supplied upon compliance with formalities.
Topics: Employee Retirement Dues, Interest on Delayed Payments