Employer interest on unpaid compensation begins after thirty days and runs until payment at the prescribed rate. Employer liability to pay simple interest arises if compensation payable under sub-section (3) of section 77 is not paid within thirty days. Interest runs from the date the compensation becomes payable until the date of payment at twelve per cent per annum, or at any other rate notified by the Central Government.
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Provisions expressly mentioned in the judgment/order text.
Employer interest on unpaid compensation begins after thirty days and runs until payment at the prescribed rate.
Employer liability to pay simple interest arises if compensation payable under sub-section (3) of section 77 is not paid within thirty days. Interest runs from the date the compensation becomes payable until the date of payment at twelve per cent per annum, or at any other rate notified by the Central Government.
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