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KARNATAKA HIGH COURT
H.T. NARENDRA PRASAD, J
SHRI. MANOJ KUMAR SRIVASTAVA – Appellant
Versus
THE CHAIRMAN AND MANAGING DIRECTOR ITI LIMITED – Respondent
| Table of Content |
|---|
| 1. introduction of petitioners' entitlements and claims. (Para 1 , 2) |
| 2. court's rationale regarding interest payment. (Para 3 , 6 , 7) |
| 3. arguments for interest on delayed payments. (Para 4 , 5) |
| 4. court's directive for settlement and interest payment within three months. (Para 8) |
ORAL ORDER
In all these matters, the petitioners who were employees of ITI Limited have sought for issuance of writ of mandamus to direct the respondents to settle and disburse the privilege leave encashment entitlement of the petitioners as on the date of superannuation and other pending terminal benefits with interest at 18% per annum from the date of payment till the date of actual payment.
2. Learned counsel appearing for the respondents has filed a memo upon instructions and has enclosed the list of amounts to be paid by the respondents to the petitioners for payment of privilege leave encashment insofar as petitioners in all these petitions are concerned.
The same is extracted below:
WP No. 23510 of Sl. No Case No Name of the Petitioner Staff No Amount Claimed by Petitioners(in INR) Amount to be paid by ITI (in INR) 1 WP 23214/2025 Sri Manoj Kumar Srivastava 30125 9,31,176 10,05,759
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