Interest on Compensation payable from accident Date and Not Date of Adjudication of Claim: SC

Ajaya Kumar Das Vs Divisional Manager (Supreme Court of India)

Section 4A of the Workmen’s Compensation Act 1923 stipulates that the Commissioner shall direct the employer to pay interest of 12% or at a higher rate, not exceeding the lending rates of any scheduled banks specified, if the employer does not pay the compensation within one month from the date it fell due. In Saberabibi Yakubhai Shaikh v. National Insurance Co. Ltd.¹, this Court held that interest shall be paid on t

Please become a Premium member. If you are already a Premium member, login here to access the full content.