I am working in a private sector MNC in Chennai since 6th October 2011. On the date of joining, I was asked to sign a bond (copy attached) which is termed as an agreement between two parties, to serve a 2 year employment (1 year probation) violation of which amounts to me paying back the company 1 year CTC or 10 lakh rupees. I have signed the 3rd/last page of the bond, however I have been very uncomfortable working in this company since the date of joining.
I have relocated from Hyderabad and I am uncomfortable on personal front and also health wise after coming to chennai. I have tried informing the same orally to the HR manager a couple of times and finally on 29th Nov I decided to quit the job, citing personal reasons and lack of motivation to work in an unhealthy workplace (there are quite a few stupid rules which were not informed prior to joining). I have sent the resignation through email and a copy to my personal email as well. After this resignation, the HR manager & Technical manager had a discussion with the site leader and told me that I might have to serve a 3 month notice failing which I will have to pay 3 months CTC (2,15,000/-) to the company and obtain a relieving letter.
The bond is actually for 1 yr CTC (8.5 lakhs) for the first year and 10 lakhs for the second year of employment.
I am not in need of a relieving letter as I have already got another job, which i have to join by 12th dec. The site leader is rigid and unwilling to compromise or sympathize on my health issues and says I have to pay and may not negotiate any possible variations in the payment of 3 months CTC. I dont have any huge savings to afford that payment and neither do I have any properties or immediate access to loans to support myself. In this regard, I am looking at the option of breaking the bond and not contacting the company at all for further terms and literally abscond from whatever I have to do here in this company.
I have thought of leaving this place on good terms, but the HR is not interested in negotiations and hence, I would not like to come back to this job anytime. Thus, I am prepared to leave from the job by breaking the bond, not paying anything at all to the company, though i feel it is not completely right, I think company is not leaving me any other option to try other than this. I would like to know your expert opinion in my case. What course of action should i take from now on ? 12th dec I may join the new job and since i didnt disclose this chennai employment there, I dont need any relieving letter from this place, thus i can quit and walk away easily, but what if they come to know of my new employment and try to contact that company, trying to damage my career ?
I was not given any good work and neither given any good training except for a very generic training program focussed on freshers to improve their skills (that doesnt help any experienced person) and hence company is not losing anything in work related to me or my level of working
I did not claim any personal advances/loans or travel/health claims yet.
I have resigned on 29th (email) of which i dont have a printed copy (can obtain if required)
I am no more interested in this company since i lost a lot of personal time and agony due to career changes (all this because they didnt communicate the company working rules & regulations properly)
Respected members from lawyersClub, I commend you for the responsible guidance you give theyouth on various cases. Please take a look at my bond pictures attached and help me in whatever way you can. Kindly let me know if i have to pay a nominal fee for the legal consultation, which is indeed a career guidance also in my case.
Expecting some early replies since i dont have much time at hand other than a couple of days in this week.