breach of employment contract

Querist : Anonymous (Querist) 29 January 2011 This query is : Resolved
Hello sir,I want to know the consequences of breach of contract.Am a fresher and had joined a company on 6th of december 2010.It had a bond(2 years + 6 months training). But i skipped the bond on jan 27th and sent them a resignation letter stating that i will not be able to render my services.If i breach the contract then i have to pay 60000 rs to the company.It was not on any bond paper,i had signed the contract on a sheet. I want to know whether the company can take any legal action against me for breach of contract

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Ajay Bansal (Expert) 30 January 2011
As the contract was written on a blank paperand not on a stamp paper, so it has become invalid.No recovery can be made from you.

Advocate. Arunagiri (Expert) 30 January 2011
Even if the agreement is signed in the unstamped paper, the agreement is valid.

The company can pay the penalty in the court for validating the agreement. Normally the penalty will be 10 times of the required stamp paper.

The company can recover compensation through court.

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