6. Mr. Kunder retired from the services of Azzure Limited, on 31st March, 2019. He...
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6. Mr. Kunder retired from the services of Azzure Limited, on 31st March, 2019. He had a sum of 5 lac in his Provident Fund Account. It has become due for payment to Satish on 30th April, 2019 but the company made the payment of the said amount after one year. Mr. Kunder claimed for the payment of interest on due amount at the rate of 15% per annum for one year. Decide, whether the claim of Mr. Kunder is tenable under the provisions of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952
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