Shanti vs National Insurance Company

The Supreme Court examined the issue of interest payable under the Employee’s Compensation Act, 1923, particularly focusing on whether the insurer can be held liable for additional interest and penalties when the employer defaults in making provisional payments. The Court analyzed provisions related to default, interest, and penalties, emphasizing statutory mandates and the responsibilities of employers and insurers. The judgment clarified the extent of liability of insurers in default scenarios, reinforcing statutory obligations. The Court upheld the statutory provisions regarding interest and penalties, affirming their applicability in default cases.