Dear Friends
I hv signed a bond agreement for 3 yrs with a Ltd Co now I hv left it now the Co wants to File a case against me . Now my question is that whether the Co can suceed against me or not????
My Contract Terms
1. For 3 yrs Employment
2.Payment of Compensation of Rs 50000 if broken within 1 yr
3 The Bond Agreement is signed on A4 size computer paper with no Stamp Paper , whether Judicial or Non-Judicial
4 Witness was the Employee of another Co but under same management ( they r the Co people )
5. The agreement shows my two position as a) APPOINMENT ON RETAINERSHIP BASIS AS ACCOUNTS MANAGER b) AGREEMENT AS A EMPLOYEE . Now how can I be a RETAINER & EMPLOYER at the same time.
6 Company has kept security deposit of Rs 18000.00 my first month salary , again they have not paid me my last months ( March ) salary in summary only One cheque has been issued by them in my account after deducting TDS of 10 % as a professional but without any Bonus , Gratuity , Leave , Medical Compensation etc nothing has been mentioned on my Agreement
7.The Contract is one sided with Co benefits compared to me it only speaks only of Rs 18000 salary .
8 The Co used to transfer me to different units for working under different co with No relation to Co in which I have been appointed.
9. Lastly the Co has not trained me I m well experienced and infact they r using my experience to accomplish their objectives , so how can they r demading Compensation from me
Friends I think Bonds are not legal in INDIAN COURTS , under Article 19 of Constitution and Under 27 of Indian Contract Act
PLEASE HELP
SAIBAL
