Reliance asking for unwarranted indemnity bonds even after submission of letter of administration!
Rama
(Querist) 05 April 2012
This query is : Resolved
Sometime back, I had queried saying my husband was working for Reliance and passed away on 28-11-2009.
They asked for a succession in December, 2011.
Now we've received the Letter of Administration in Feb' 2012.
They do not want to settle many of the dues with interest (except PF etc...) and are asking for Unwarranted Indemnity bonds which runs into 7/8 pages, so that we cannot fight out or demand anything from them in the future and what they would be giving would be the final.
How do we proceed. We'd be losing lot of money by way of interest for the past 28 -29 months.
There was an allotment of 1600 shares by way of ESOPS. They say now, we cannot get the same.
Should we send a legal notice once again saying we cannot give such Bonds and then approach the court giving them 2 weeks time?
Is it possible that we give this bond and later on fight out for the interest and ESOPS? Once we sign this bond saying we are giving it without cohersion how do we pull them in the Court of law? Will it hold water?
Please advise.
Deepak Nair
(Expert) 05 April 2012
Consult a lawyer and send a legal notice to clear all the dues.
No comments can be made on the bond unless the contents of the same are not seen.
ajay sethi
(Expert) 05 April 2012
what is the offer? if you are getting your principal amount take it . forget the interest
Shonee Kapoor
(Expert) 05 April 2012
Agreed, forget the interest and get the principle amount secured.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
V R SHROFF
(Expert) 06 April 2012
Approach UNION. They will help.
PF interest will accrue till 5 years i.e. 2009-2014. so do not worry, you will be paid, whoever is nominated there.
Your money are safe. You do not loose right of 1600 shares. FIGHT. GE COURT ORDER TO COMPEL CO. TO PAY YOU. YOU WILL WIN.
UNDISPUTED AMT CAN BE CLAIMED & RECD.
