Sell or mortgage assests to distribute salary; HC to KSRTC


KSRTC buses | Photo: Mathrubhumi

Kochi: Kerala State Road Transport Corporation(KSRTC) on Wednesday informed the Kerala High Court they need more time to disburse salaries to employees due to financial constraints. The management added that the current financial crisis is brought to the attention of the employee unions. Earlier, Kerala High Court directed KSRTC to pay salaries to employees before the fifth of every month starting from August.

Reacting to KSRTC, the High Court asked management to sell or mortgage its assets to pay employees.

The statement came in a petition filed against KSRTC for failing to pay salaries within the time frame set by the court. Meanwhile, the court also considered a petition filed by KSRTC demanding more time to pay salaries.

However, Justice Ramachandran criticized KSRTC for exploiting employees without payment on time. KSRTC claimed that they don't have any money to distribute the salary to the staff within the time.

The court eventually viewed that KSRTC could only survive only with the financial support of the state government.

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