Managing Director, Neyyattinkara ... vs Sivakumar on 6 October, 2022
In the above circular reference was in fact
made to the judgment rendered by a Division Bench of the
Hon'ble High Court of Kerala in WA.No.1332/2012
(TR.Sambasivan Vs. The Kerala State Co operative
Employees Pension Board & anr) which had ultimately led to
the issuance of the above Circular. I do not propose to
burden this order with the salient features of the Circular
issued in terms of the directions issued by the Division
Bench. But one Clause in the Circular may have to be
mentioned which relates to the liability to pay interest for
delayed payment by the offending Society/Bank. In Clause
(4) it has been mentioned that if any Society commits delay
in payment of the contribution to the Pension Board the
interest payable for such delay shall not be borne by the
Society; but the same shall be recovered from the members
of the Managing Committee and the Chief Executive
through surcharge proceedings. This clause was
incorporated in strict compliance of the direction issued by
the Division Bench. Addl. Respondent no.3 shall ensure that
W.P.(C)No.37752 of 2017
& 37791 of 2017 12
the above clause no.4 is not overlooked or ignored in this
case."