Supreme Court Adjudicates Statutory EPF Interest and Wage Arrears for Defunct State Corporations

Highlights of the Judgment:
- Examination of statutory liabilities and apportionment of dues post-state reorganisation under the Bihar Reorganisation Act, 2000.
- Judicial standards for computing daily-wagers' wage arrears, replacing static historical rates with equitable lump-sum compensation.
- Mandatory application of statutory interest at 12 percent per annum under Section 7-Q of the Employees' Provident Funds Act, 1952.
- Award of 6 percent per annum simple interest on delayed salary arrears as a public-law remedy under Article 21 of the Constitution.