Hi everyone... I am working as a JTO in BSNL for two years. I signed the bond to serve the company for 5 years otherwise " I have to pay 2Lakhs along with 18% interest " as per the terms in the bond.
But, the bond itself has some inherent flaws in it.
1) Our previous batches of JTO recruitment the bond is " 85000 + stiphend received during training along with 18% interest" . JTO 2001 to 2007 all are executed this bond only.. But we JTO 2008 are under the newbond which says " 2Lakhs along with 18% interest". With the same cadre and same pay scale whether this inequality in bond agreement is accepted????
2) Previously I am working with TCS. When my result came out I resigned from TCS and prepare the bond of 85000 and submitted. But all of a sudden they have changed the bond overnight to 2Lakhs. Already I have releived from TCS and I have no job in hand and I have to sign on the bond in this situation. Which I can term it as Exploitation. Is it not?? Can we go to court in this case as per the right against exploitation??
3) How can we interpret that 18% interest. I thought it would be for the delay in paying the bond. But they are saying it will count for the period of service. It means the more the service more will be the bond amount. Logically bond must be constant or decremental but in this case it is incremental bond. When there is no clarity on the period of interest how can they go in their favour??
4) Now actually I completed my notice period... now they are asking me to pay the training stiphend amount which i need not pay as per the terms of the new bond. They are mixing the two bonds like 2Lakhs from new bond and training stiphend from old bond... What can be done in this situation??
Finally, If they didnt agree with me what can I do?? can I file a court case against them... is my argument is having strength according to court of law?? where to file a case and how much cost I have to bare?? what are the various charges and total cost? Please suggest me.. I am in urgent need of these clarifications. After getting releived from BSNL I am planning to go for M.Tech... if I file a case in court can I manage my studies along with the court proceedings?? Please help me... thanks in advance...