Case Law Analysis
|Madhya Pradesh High Court
6% Interest Mandatory on Delayed Retiral Dues Even for Wound-Up Corporations : MP HC Jabalpur Sets Binding Precedent
MP High Court rules that wound-up corporations remain liable to pay 6% annual interest on belated retiral dues from retirement date until payment, regardless of financial constraints. The judgment reinforces that delayed settlement beyond 3-5 years is unreasonable, protecting public sector employees under the Employee Pension Scheme 1995.