IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No. 13687 of 2007 ( O&M ) DATE OF DECISION : 27.08.2009 R.K. Sharma .... PETITIONER Versus State of Punjab and others ..... RESPONDENTS CORAM :- HON'BLE MR. JUSTICE SATISH KUMAR MITTAL Present: Mr. Sanjeev Bansal, Advocate, for the petitioner. Mr. J.S. Puri, Addl. A.G., Punjab, for respondent No.1. Mr. D.V. Sharma, Senior Advocate, with Mr. Deepak Bhardwaj, Advocate, for respondents No.2 to 4. * * * SATISH KUMAR MITTAL , J. ( Oral ) The petitioner was working as General Manager in the Punjab Tourism Development Corporation Limited (respondent No.2 herein). He was to retire on 30.9.2006 on attaining the age of superannuation. Before the date of his retirement, the Chairman of the respondent Corporation granted extension to the petitioner for two years i.e. upto 30.9.2008. Subsequently, vide order dated 27.8.2007 (Annexure P-16), in view of the decision of the Board of Directors of the respondent Corporation, the CWP No. 13687 of 2007 -2- petitioner was retired from the services of the respondent Corporation, after curtailing the said two years extension. The petitioner has challenged the said order in this petition. On July 6, 2009, an offer was made by the petitioner for amicable settlement of the issue that if the respondents pay all the retiral benefits of the petitioner along with interest at the rate of 7 ½% by taking 27.8.2007 as the date of his retirement, he will not press this petition. In view of this offer, learned counsel for respondents No.2 to 4 sought time to have instructions in the matter. Today, learned counsel for respondents No.2 to 4, on instructions, states that the offer made by the petitioner has been accepted by the Board of Directors of the respondent Corporation. In this regard, he has received a letter dated 26.8.2009 from the respondent Corporation, which is placed on record. Learned counsel for respondents No.2 to 4 further states that as per the instructions received by him, all the retiral benefits of the petitioner, by taking his date of retirement as 27.8.2007, along with interest at the rate of 7 ½ %, shall be released within six weeks, subject to permissible deduction under the Income Tax Act. Counsel for the petitioner further submits that the retiral benefits are to be released to the petitioner by taking the revision of pay scales, which is to be effective from 1.1.2006. In this regard, counsel for the respondents points out that till date, the revision of pay scales has not been implemented in the respondent Corporation. However, as and when it is CWP No. 13687 of 2007 -3- implemented, the additional benefits, according to those revision of pay scales, will be released to the petitioner thereafter, within a period of three months. In view of the above, this petition is disposed of with a direction to respondents No.2 to 4 to release all the retiral benefits of the petitioner, by taking his date of retirement as 27.8.2007, along with interest at the rate of 7 ½ %, within a period of two months, subject to the permissible deduction under the Income Tax Act. Respondents No.2 to 4 are further directed that in case, revision of pay scales is implemented in the respondent Corporation, the additional benefits shall be released to the petitioner within a period of four months of such revision of pay scales. August 27, 2009 ( SATISH KUMAR MITTAL ) ndj JUDGE