Bond issue
vishal
(Querist) 12 August 2013
This query is : Resolved
I have asked the co for waiver of bond.I got following reply from co:-
This is to inform you that in lieu of Indemnity and Surety Bond executed by yourself, the
company reserves its right to pay you salary for 20 days during which you have served the
company.
What does this means?Are they waiving off my bond and agree to give me salary for period served.
Kumar Doab
(Expert) 06 October 2013
On the face of it, this implies that company does not want to release the 20 days wages.
It also gives you an opportunity to build record for deemed waiver.
Approach a competent and experienced labor consultant/ service lawyer to structure your further communications and conclude the matter finally.