Company bond agreement
vishal mandhare
(Querist) 28 March 2012
This query is : Resolved
Hello Experts,
I am in little situation here. Great if you could advice some way out.
I joined one big MNC last year. The recruitment was not direct, i am on payroll on some other small time company (Now onward will refer as a vendor).
There were 15 people with me at the time of joining. This vendor company gave us some 30 days of training and signed a bond of two years (Rs. 2 lakhs) and send us to big MNC company on contract (Contract to permanently higher by MNC company after two years).
By some reason MNC company faced slack in their business activities since beginning of our joining. We are not rightly utilized. Now they have started firing people. out of 15 guys initially joined 6 are all ready left or fired by MNC company. In last one year we have not seen any good news from business side so we are very sure axe will fall on us one day.
Vendor company has not given us a hike which was promised in the agreement. they have cancelled our group insurance.
Now the situation is we are not able to search for a job due to bond agreement. However MNC firm can fired us any time.
Do you think we can legally cancel our bond agreement by giving court notice? Do we have a hope to fight back against injustice?
Really appreciate your time.
Thanks and Regards,
Vishal
V R SHROFF
(Expert) 29 March 2012
do it jointly with all 15 employee. Court will pass appropriate order, as vendor is defaulter, not u.
