Help required. how to exit an emplyment bond?

You have posted that:

"I have been asked to leave the organisation once but things were sorted out after some discussions."

Is it on record?

Is it stated in case of termiantion due to misconduct still you have to pay Rs.11lacs?

What was this monthly amount paid to you; stipend/living expenses etc ?

Why don't you explain your personal reasons and seek some remedy say: Transfer?

Thanks for your response. No it is not on record. The first day I was asked by HR and the next day I was asked by the MD of the company saying that they no longer have a job for me. Later in the day I had to apologise and had to offer my loyalty towards the organisation to calm down the issues.

It is not ecplicitly stated that I shall have to pay 11 lacs in case of Misconduct but what is mentioned is that I am liable to pay 11 lacs in case i leave the organisation within these 3 years.

Yes the monthly anount was around INR 47000 (including taxes) per month.

What do you mean by Transfer? Please explain?

Thanks

Your apology was verbal or in writing?

Even if communique of HR/MD were verbal these might have been inserted in your personnel file.

Apparently employer has NOT paid course fees but has granted leave and has paid some amount ( that you are unable to confirm what is it; stipend/living expenses etc..............................however it  was less than monthly salary)......................and has granted leave to study.

You have not posted what is this establishment and what are its service and leave and study leave rules..................etc .

You have posted that:

"I cannot join anyother organisation working in the simillar sector."

Indian Courts of law have consistently been declining to enforce Non Compete Clauses/Agreements as it hits right to earn livelihood and Indian Contracts Act....

No unfortunately all this communication is verbal. The only written communication which followed this incident is this.

email from HR "

Pro Rated payment might be possible.

Rest you may show all employment related docs to a very able counsel specializing in Labor/service matters for a considerd opinion on defects, merits,options.................

I shall post the entire agreement later in the evening along with my service letter. I confirm that the amount paid is less than my salary and I was pating taxes on this amount as if I never left the organisation. I shall confirm about the nature of amount once I have the document in hand.

Thanks for your patience.

Regards

Transfer; Within office/Div/Dept and even new location..............due to personal reasons and even transfer of Bond to another stablishment if possible, in your case.

And now after your last post your new role......

Preferably spend quality time with  a very able counsel specializing in Labor/service matters, in perso, at your location,   for a considered opinion on defects, merits,options.................

Online discussions have its own limitations.

Okay. Thanks for your advise and this healthy discussion. I shall take the matterwith a consel man once I have made up my mind to leave the organisation.

Regards

You are welcome.

Though employment bonds/ agreements company can only recover the amount they have exclusively spent on you for providing you any special training and nothing more. 

In your case it seems you have been paid (80% of the couse fees) course/ tuition fees for higher studies which amounts to Rs.11Lacs. In that case, if you leave early before 3 years, then you are liable to pay Rs.11lacs which was actually spent on you. 

Company cannot ask you not to joining any similar/ competitive company through any bond/ agreement. This is illegal.

As per your statement you have mentioned that the company had paid you in monthly installment but have not mentioned under which head.

If the company can prove that they have actually paid Rs.11 lacs for your higher education, then only they have a good case to recover the amount through agreement/ bond. Otherwise, not.

However, it is advised that you consult a labour law advocate with all your documents (appointments/ salary slip/ agreement etc) if required.  

The querist has not clarified:

'What was this monthly amount paid to you; stipend/living expenses etc ?'