The Economic Times

EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for unjust enrichment

The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that EPFO cannot retain appeal money for nearly 11 years after a PF assessment order was set aside, depriving the assessee of its use and potential earnings.