TVL Ltd Directed to Pay 6% Interest

Authority: Madras High Court, Madurai Bench

Order Date: 06 July 2026

Case Overview

• Petitioner: N. Raju filed writ petition W.P.(MD) No.18826 of 2026 under Article 226 seeking mandamus for payment of interest at 6% per annum on delayed retirement benefits (gratuity, provident fund, leave salary, commutation) from the date of retirement.
• Respondents: Managing Director and General Manager of Tamil Nadu State Transport Corporation (TVL) Ltd.
• Both parties consented to disposal at the admission stage; counsel noted that the issue is covered by earlier judgments (W.A.(MD) No.403 of 2010, batch dated 06.07.2014; W.A.(MD) No.1419 of 2021, batch dated 26.07.2021).

Final Outcome

• Court ordered respondents to pay interest at 6% per annum on the belated retirement benefits from the retirement date until actual payment.
• Respondents must comply within five months of receiving a copy of the order.
• No costs awarded to either party.

Topics: Retirement Benefits, Interest on Delayed Payments, Court Order