Retired employees of the Kerala State Road Transport Corporation (K.S.R.T.C.) have approached this Court seeking directions to the respondents to sanction and disburse the provident fund and the staff welfare fund amount to them with interest. Petitioners retired from service on superannuation on dates falling within the years 2002, 2003 and 2004. Retired employees having similar grievances have been approaching this Court for identical reliefs since the respondent-Corporation did not disburse the provident fund amount and the staff welfare amount due to them on closure of the fund. According to the petitioners, the Corporation has done great injustice and is perpetuating injustice by with holding the provident fund amount and not disbursing the same in spite of the lapse of several months since their retirement.

2. It is pointed out that on the ground of inadequacy of funds the Corporation has been delaying payment of retirement benefits which include the Death-cum-Retirement Gratuity and commutation value of pension. In the above circumstances, this Court was constrained to intervene and formulate a scheme thereby making arrangements to see that payment of retirement b