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Arjun Arjun (Querist) 15 April 2016 This query is : Resolved
Dear Sir, I had worked in a company during 2008-10.During that period,at the expense of the company,I had studied MBA with the condition that upon my resignation within 5 years,I would pay them 4 times the cost of the course.In 2010,I submitted resignation letter to the General manager of the department,where I was working.Without getting a notice of acceptance of my resignation,I left.Now,6 years have elapsed since then.The company has not sent me any letter to pay any money any time.Can they demand it again now?Will it sustain the test of law in court?I have forgone Rs.15000+ interest(security amount deducted from my salary),Rs.8000(last month salary),whereas the cost of the course was just 42000.Please reply

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P. Venu

(Expert) 16 April 2016
It could be that the matter is beyond limitation. Even otherwise, the company cannot be entitled for any unearned profit.

Sankaranarayanan (Expert) 16 April 2016
Yes I too stand that your issue is beyond limitation

Dr J C Vashista (Expert) 16 April 2016
1. Beyond limitation.
2. Difference in cost of MBA and money left by you is meagre.
3. Did you get relieving letter (on acceptance of resignation)? If not, did you ask?