No power under Employees’ State Insurance Act to waive statutory interest: SC

Transport Corpn. of India Ltd. Vs Employees State Insurance Corpn. (Supreme Court of India) Non-challenge of validity of Regulation 31-A confirms interest demand under the same Facts- The subject matter of the present dispute is demand made by the Employees State Insurance Corporation by way of contribution payable by the appellant for the period from 30th July 1975 to 31st March 1988, demanded as per the provisions of Employees’ State Insurance (General) Regulations, 1950. The first notice issued referred to unamended Regulation 31-A of the Regulations under which interest at the rate o...