Case Law Analysis
|Madras High Court
Employees' Compensation Act | Insurer Cannot Escape 12% Statutory Interest on Delayed Compensation Despite Policy Exclusion : Madras HC
Madras High Court rules that insurers under the Employees' Compensation Act, 1923, must pay 12% statutory interest on delayed compensation, even if the policy excludes it, provided the accident was reported on time. The ruling reinforces that statutory obligations override contractual exclusions, directly impacting insurers' liability in workmen compensation claims.