Breach of bond agreement
Ketan
(Querist) 14 June 2014
This query is : Resolved
I am recently Engaged in one Private Limited Company from april,2014 and I have signed Bond s 1.50 of 18 months but i can't continue with this. what should I do. I am Not able to Pay Bond Ruppes. Pls. guide.
ajay sethi
(Expert) 14 June 2014
it is necessary to go through the bond signed by you to advice
R.K Nanda
(Expert) 14 June 2014
continue in same co.
Rajendra K Goyal
(Expert) 14 June 2014
Consult a local lawyer and show him the appointment letter and the Bond agreement signed.
Kumar Doab
(Expert) 14 June 2014
The BOND was signed in lieu of what favor by the company to you e.g. Certified Training/certification from recognized/approved inst…………………….?
If NO such extra ordinary favor was granted by company then what is the ground for the creation of BOND?
You have signed the BOND by your free will until or unless you can prove on record that you were coerced,forced................
Hence company shall chase you.
It may become overzealous and may take steps that may affect your employability.
You should certainly spend quality time in person with a competent and experienced labor consultant/service lawyer and show all docs on record and give your inputs to understad the merits.
You may also provide information on:
What is this company: Commercial, Industrial, Small Enterprise?
The registration certificate might have been displayed near entrance or you have to find on your own.
Redg. Office of the company is located in which state?
You were located in which state?
You are located currently in which state?
Does company has an office at your location?
What is trade of this company: IT, Banking etc…..?
How many people are employed in it?
Does it have its certified standing orders (CSO)?
What was your designation and nature of duties?
Are you member of employee’s unions, trade unions?
When was the bond signed by you after issuance of appointment letter?
There are many threads on similar queries e.g;
http://www.lawyersclubindia.com/experts/Service-agreement-bond-clarification-needed-475201.asp#.U5r1LHKSwb8
http://www.lawyersclubindia.com/experts/Payment-of-indemnity-bond-419196.asp#.UiNgTNKAqWM
Ketan
(Querist) 18 June 2014
ok I will follow your advise. Thanks all for your valuable guidance. I will regularly Updates you regarding this matter. Thanks again Have a Great Day.
T. Kalaiselvan, Advocate
(Expert) 16 June 2014
