How to recover bond which is already paid to company
Premanshu
(Querist) 21 May 2010
This query is : Resolved
Dear Sir/Madam,
I was earlier working with NTPC Ltd.(1 yr in probation 8 months in service),resigned from the NTPC and joined ONGC.At the time of clearence from NTPC they forced to pay 2 lakh for payment of bond(bond of 2.5 lakh for 3 yrs).The reason on which they forced to pay me bond is that i made to application to ONGC without proper channel.However when NTPC make campussing from our institute ISM,dhanbad they did't say anything about bond.We were forced to sign bond at the time of joining the company and we joined as there was no alternative at that time.
According to DPE guidelines the bond is transferable while switching from one company to other.
Please help me out so that i can have the payment of bond back.
Devajyoti Barman
(Expert) 30 October 2010
Without seeing the terms of the Bond it is difficult to advice.
