Employer liable to pay damages for delay in transfer of EPF accumulations by Board of Trustees

Paschim Banga Gramin Bank Vs Union of India & Ors. (Calcutta High Court) In the case of Paschim Banga Gramin Bank Vs Union of India & Ors., the writ petitioner, Paschim Banga Gramin Bank, challenged an order issued by the Regional Provident Fund Commissioner on June 25, 2015, under Section 14B of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. The order imposed a penalty of over Rs. 30 crores due to the bank’s failure to remit contributions to the Provident Fund (PF) and transfer pension fund accumulations during specific periods. The bank argued that Sectio...