Gorakhpur University & Ors vs Dr. Shitla Prasad Nagendra & Ors on 7 August, 2001
5. In view of the aforesaid discussion, this petition is required to be allowed. Mr. Pandit has drawn my attention to the prayer clause and has requested that the Bank may be directed to pay interest on the delayed payment of the P.F. as well as the gratuity amount. Considering the circumstances of record and in view of the judgment of the Apex Court rendered in the case of Gorakhpur University v. Shitla Prasad Nagendra, reported in AIR 2001 SC 2433, in my opinion it would be in the fitness of things that on the amount of arrears of P.F. as well as of gratuity the respondent-Bank is directed to pay interest at the rate of 12% per annum. The respondent-Bank is, therefore, directed to pay to the petitioner the amount of Bank's contribution of P.F. concerning petitioner together with interest at the rate of 12% from the date of such amount became payable till realisation. The respondent-Bank is also directed to pay the amount of gratuity admissible under the law to the petitioner together with 12% interest from the date it became payable to the petitioner till realisation. The aforesaid exercise to be carried out on or before 30th September, 2002.