The Supreme Court of India, comprising a Bench of Justice Vikram Nath and Justice Sandeep Mehta, has held that delayed Employees’ Provident Fund (EPF) dues payable to employees of defunct state-owned corporations carry mandatory statutory simple interest at 12% per annum under Section 7-Q of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, while
Delayed EPF Dues Attract 12% Statutory Interest, Salary Arrears 6%: Supreme Court in Bihar-Jharkhand Undertakings Dispute
