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Service matter - Payment of interest on delayed payment
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Showing posts with label
Service matter - Payment of interest on delayed payment
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Sunday, August 31, 2014
Service matter - Payment of interest on delayed payment - Apex court held that It is needless to mention that the respondents have erroneously withheld payment of gratuity amount for which the appellants herein are entitled in law for payment of penal amount on the delayed payment of gratuity under the provisions of the Payment of Gratuity Act, 1972. Having regard to the facts and circumstances of the case, we do not propose to do that in the case in hand. For the reasons stated above, we award interest at the rate of 9% on the delayed payment of pension and gratuity amount from the date of entitlement till the date of the actual payment. If this amount is not paid within six weeks from the date of receipt of a copy of this order, the same shall carry interest at the rate of 18% per annum from the date of amount falls due to the deceased employee. With the above directions, this appeal is allowed. =CIVIL APPEAL NO. 7113 OF 2014 (Arising out of SLP (C) No. 25015 of 2011) D.D. TEWARI(D) THR. LRS. ……APPELLANTS VERSUS UTTAR HARYANA BIJLI VITRAN NIGAM LTD. & ORS. …RESPONDENTS = 2014- Aug. Part – http://judis.nic.in/supremecourt/filename=41799
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Service matter - Payment of interest on delayed payment - Apex court held that It is needless to mention that the respondents have er...
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