Telangana HC Orders EPFO to Pay Interest for Arbitrary Retention of Funds

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Business & Economy

The Telangana High Court deemed the EPFO's retention of ₹4.05 crore as arbitrary and unfair.

Business & Economy

Justice Nagesh Bheemapaka ordered the EPFO to pay 9% annual interest on the withheld funds.

Business & Economy

The interest liability is to be recovered from the specific officers responsible for the administrative delay.

Business & Economy

Accrued interest on the sum is to be donated to the Prime Minister’s National Relief Fund.

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