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Showing posts with label STATE OF UTTAR PRADESH AND 2 ORS. Vs. DHIRENDRA PAL SINGH. Show all posts
Showing posts with label STATE OF UTTAR PRADESH AND 2 ORS. Vs. DHIRENDRA PAL SINGH. Show all posts
Friday, November 25, 2016

In State of Kerala and others v. M. Padmanabhan Nair[1], this Court has held that pension and gratuity are no longer any bounty to be distributed by the Government to its employees on the retirement but are valuable rights in their hands, and any culpable delay in disbursement thereof must be visited with the penalty of payment of interest. at the rate of 8 % per annum -STATE OF UTTAR PRADESH AND 2 ORS. Vs. DHIRENDRA PAL SINGH - 2016 Nov. http://judis.nic.in/supremecourt/imgst.aspx?filename=44306

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                        IN THE SUPREME COURT OF INDIA                         CIVIL APPELLATE JURISDICTION                        CIVIL...
Wednesday, November 16, 2016

pension and gratuity are no longer any bounty to be distributed by the Government to its employees on the retirement but are valuable rights in their hands, and any culpable delay in disbursement thereof must be visited with the penalty of payment of interest.- In Y.K. Singla v. Punjab National Bank and others[2], this Court, after discussing the issue relating to interest payable on the amount of gratuity not paid within time, directed that interest at the rate of 8% per annum shall be paid on the amount of gratuity. In the light of law laid down by this Court, as above, and further considering the facts and circumstances of the case, we modify the impugned order passed by the High Court in respect of interest directed to be paid on the amount of withheld gratuity and pension. We direct that the appellants shall pay interest at the rate of 6% per annum on the unpaid amount of pension from the date it had fallen due and interest at the rate of 8% per annum on the unpaid amount of gratuity from the date of retirement of the employee-STATE OF UTTAR PRADESH AND 2 ORS. Vs. DHIRENDRA PAL SINGH.

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                        IN THE SUPREME COURT OF INDIA                         CIVIL APPELLATE JURISDICTION                        CIVIL...