JIYAJEERAO COTTON MILLS vs DEV KUMAR HOLANI — C.A. No. 3420/1998

Summary: The Supreme Court allowed Jiyajeerao Cotton Mills' appeal, reversing the High Court's decision. The Court held that as an exempted establishment under the Employees Provident Funds Act, 1952, the mill was not automatically bound by revised central government conditions requiring payment of higher interest rates declared for statutory schemes unless the State Government formally amended and notified the exempted scheme. Since no such amendment was issued, the mill was not legally obligated to pay employees the interest rate difference for 1984-89. This case analysis is maintained by casestatus.in based on publicly available court records.