SACHIN DHARMENDRAKUMAR JAIN
14 October 2008 at 11:52
Dear All,
I have joined Indian Oil Corporation Ltd. (IOCL) as an officer in Grade A (as a CA). I need to execute a bond of Rs. 1 lac if I leave the service of IOCL before the expiry of 3 years. I have left IOCL after working for 65 days.
The Co. has sent me a legal notice asking me to pay bond money otherwise, the will go for criminal/civil proceedings against me.
Please help me out whether employment bond are valid. (with supportive case laws, if any) Further, what should I do to avoid harrassment and unnecessary tention.
I would be very thankful if anyone from this community can help me out.
Regards,
Sachin D jain.
Employment Bond
Dear All,
I have joined Indian Oil Corporation Ltd. (IOCL) as an officer in Grade A (as a CA). I need to execute a bond of Rs. 1 lac if I leave the service of IOCL before the expiry of 3 years. I have left IOCL after working for 65 days.
The Co. has sent me a legal notice asking me to pay bond money otherwise, the will go for criminal/civil proceedings against me.
Please help me out whether employment bond are valid. (with supportive case laws, if any) Further, what should I do to avoid harrassment and unnecessary tention.
I would be very thankful if anyone from this community can help me out.
Regards,
Sachin D jain.