The Supreme Court has held that in the case of a claim under the WC Act (now the Employees Compensation Act, 1923), interest is payable from the date of the accident and not from the date of the award. A copy of the court's judgment dated 2.1.2014 regarding this matter is attached for your information.
Thanks
From India, Malappuram
Thanks
From India, Malappuram
Good and proper decision by the court; otherwise, the insurance company was being rewarded for its delaying tactics. I think the order should have been revised to adjust the award upwards for inflation since the date of the accident.
From India, Mumbai
From India, Mumbai
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