It is better to wind up the operations of KSRTC since it is not offering any benefits to the public, opined the Kerala High Court.
The HC added that by providing assistance to the corporation, the taxpayers’ money is being wasted.
A High Court single bench made this observation while hearing a batch of 35 petitions on non-payment of pension and other benefits to employees.
‘The arrears of the employees should be settled by selling off the assets belonging to the corporation. Even if the KSRTC wind up its operations, nothing will happen except for a minister losing his post,’ it said.
The standing council, on behalf of the government, argued that the KSRTC fails to clear the arrears on time as it is running at a monthly loss of Rs 60 crore.
This is the second time the HC is making such a statement.