Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Transfer of service bond

(Querist) 02 May 2016 This query is : Resolved 
Sir, presently I am working as Assistant Manager (HRD) in Odisha Power Transmission Corporation Limited (OPTCL), a Govt. of Odish Undertaking. I joined in the organisation on 25.02.2014 and executed a bond of value Rs. 2,16,000 to serve the Organisation for a period of 4 years.
After serving the Corporation 2 years, now I got selected as Officer-HR in Indian Oil Corporation Limited (IOCL), a Public Sector Undertaking of Govt. of India and date of joining is on 23.05.2016.
I have already talked to my current organisation regarding bond transfer as per DPE Guideline (Chapter-II, Personal Policies, (c) Service Matters : Enforcement/transfer of bond in respect of employees of Public Enterprises who leave the services of one Undertaking to join another Undertaking/ Government.) However, they are refusing for the same by siting the reason that what benefit OPTCL will get if they transfer the bond to IOCL. Even they say that his guideline is not applicable as I have not executed the bond for any scientific/Technical training.
Sir, please suggest what to do. Even I don’t know the procedure for such transfer bond. Please help me.
Sir, please replay at the earliest. Please corroborate with anecdotal evidences.
Thanking you sir.
Kumar Doab (Expert) 02 May 2016

Is their response in writing?

You have posted that:


"Even they say that his guideline is not applicable as I have not executed the bond for any scientific/Technical training."


If the Bond/Service Agreement was created without any extraordinary favor, it may be unconscionable.


Probably you are HR person. If yes you shall be better informed.


If your interest is transfer of Bond then until or unless you quote rules the state govt i.e employer's attorney's in HR/Admin may not agree.


Of Course these ambitious/high spirited/zealous attorneys can not commit transgression 'even if they are citing the reason that what benefit OPTCL will get if they transfer the bond to IOCL.

Rajendra K Goyal (Expert) 03 May 2016
Well advised by the expert Kumar Doab.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :