Contractual liability waive-off

Himanshu Sharma (Querist) 10 August 2021 This query is : Resolved
Hi Expert,
I have joined a company in pandemic due to desperation and signed a contract of 3 years. But after 3-4 months I learned that the company is not worth giving 3 years for. I had contractual liability of serving 90 days notice period and amount of 350000 and also for guarantee they have kept an undated cheque of 240000 at the time of joining.
When I have asked for that why this much amount they said they will give us 3 months training and there is cost of hiring included. But the training was just for 19 days and I started working after that.
So, I have resigned and served full 90 days notice period. I have also requested for concession in the contractual liability amount and but they are not willing to give my any.
What can I do ? Any help is really appreciated.

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Quick Summary

An employee signed a three-year contract during the pandemic and is now seeking to reduce their contractual liability. They served the required 90-day notice period but are facing a significant financial penalty and an undated cheque as security. The company claims this is for training and hiring costs, though the training was much shorter than advertised. The employee has requested a concession on the liability amount but has been refused and is seeking advice on what steps to take next.

kavksatyanarayana (Expert) 10 August 2021
Consult a local lawyer with the appointment letter of the company and other evidential documents to file a case if necessary.

Advocate Bhartesh goyal (Expert) 11 August 2021
Without going through the appointment letter, it's difficult to express opinion.Better consult to local lawyer for necessary action.

P. Venu (Expert) 11 August 2021
What concession you are seeking/expecting?

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