victor:...Maybe the best scenario would be to drop their weight belt and send them to the surface as quickly as possible, following as fast as a safe ascent allows you to do. If you are off a boat, hopefully the crew will spot them and assist, starting CPR before you reach the surface. Yes they might be bent, but thats a whole lot better than being dead...
The more likely physiological response to this would be pneumothorax. A controlled ascent is always best, even if they're not breathing. If you shoot them to the surface out of control, they won't have any lungs left to breathe with.