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Vadhirajan R   04 July 2015

Is the service bond is legal ??

Company has taken service bond from me for 2 years or I have to pay 2.5 L for breaking. Is the bond is legal in India?? I have already came out of that organization and I have settled all their assets with the acceptance letter. Still they are sending mails by asking me to pay 2.5 L for breaking bond.


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 2 Replies

Vadhirajan R   04 July 2015

Is the service bond legal in India...

Kumar Doab (FIN)     04 July 2015

The BOND was created in lieu of what extra ordinary favor/expense by the company?

 

In this world first priority is self and family, career and employer would come in the last....................


The liquidated damages inserted in the BOND might have to be proved and not necessarily to be paid on demand.


Do you have the copy of the BOND?

 

Who is sending emails?


Show it to an able Labor Law Consultant/service Matters Lawyer/Law firm specializing in such matters and understand the merits,remedies.

 

Reply by your cousel may put the matter on shut up mode.

 

 

 


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