Interest Under WC Act Payable From Date Of Accident And Not Date Of Award - Supreme Court

Dear friends,
Supreme Court has held that in case of claim under WC Act (now Employees Compensation Act 1923), interest is payable from the date of accident and not from the date of award. Copy of court's judgement dated 2.1.2014 in this regard is attached for your information.
Thanks
13th January 2014 From India, Malappuram

Attached Files (Download Requires Membership)

Interest under WC Act payable from date of accident - SC 2.1.2014.pdf (111.7 KB, 374 views)

Good and proper decision by the court
otherwise, insurance company was being rewarded for delaying tactics.
I think the order should have been revised to adjust the award upwards for inflation since the date of the accident.
15th January 2014 From India, Mumbai

Dear Agrawal ji, Very informative for all HR fraternity. Other wise we don’t know, following as per the insurance people whatever they say. Regards, PBS KUMAR
15th January 2014 From India, Kakinada

Dear Mr Agarwalji, Thank you very much for providing such useful data which is essential for us while working and also after retiring. Thank you so much.
17th January 2014 From India, Pune

Sir,
Thanks for the update. its indeed a very usefull information. Supreme court has taken a very appropriate decision which helps the workers who may get injured or meet accidents while working for their employer.
17th January 2014 From India, Bangalore

A fair decision in the end. Good Contributio Sir. Anil Richhariya
21st January 2014 From India, Gurgaon