Sir(s),
In some of enactments viz. ESI Act, 1948 (section 2(17) the term "principal employer" has been used, whereas in some enactments viz. EPF & MP Act, 1952(Section 2(e), it is only the word "employer" which has been used. In my opinion, there appears to be no difference between these words.
Important aspect is as to in which manner, these terms have been defined by the legislature in the respective Acts. It is only the definition of above words in respective Act which is relevant in deciding the issues involved in any Act.
Proprietors, all Partners including Managing Partners, Occupiers as declared in the Factories Act, General Managers, Managers etc. all are "principal employers" . If any question arises and matter is raised disputing liability as "principal employer", the issue is decided in accordance with the definition in respective Act.