mohit 26 August 2015

Service bond

My name is mohit gupta and I am a employee of PSU (DFFCIL). I had signed a bond of 5 years of Rs 6 lacs . This bond is tranferable after 3 years of service. I had been selected in another job and i want to tranfer the bond to that state job but they have mention that it is tranferable after 3 year of service. what should I do?

If during the training period they terminate me from the job then should i have to pay amount of money as mention in the bond? PLEASE HELP ME

SEE PARA 9 AND 10 OF ATTACH FILE FOR MORE INFORMATION

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3 Replies

Advocate Rohit (Advocate) 26 August 2015

I have checked you appointment letter. If they terminate your services during training period then you are not liable to pay any bond amount as you are not leaving the job but they are terminating your services for any other reason and not due to breach of bond condition.

Hence, you need not worry about payment.

Regards

Adv. Rohit Dalmia

9324538481

Mumbai