Bond Is valid or not.

Querist : Anonymous (Querist) 27 January 2010 This query is : Resolved
Dear Seniors I am in big trouble, I have given 20 months sleepless nights and days to a company to establish all functioning of my department, they gave me 1.80lacs to pursue my higher studies without asking but few months back head of the company without any reason ask me to put down resignation forcefully and for the 1.80lacs they have entered a bond of 3 years which I am inbetween now they are asking me to return the money with 18% interest but I ahve not broken the bond they have forcrd me to go and i have the proof.they are asking me to pay else they will file a criminal suit against me.
pls help.
I am very much worried as this company's practice is like this only 1 to 10 % resignation all firing without any raeson.
Regards

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Raj Kumar Makkad (Expert) 27 January 2010
Company cannot file criminal case against you in the given facts. let the company do what ever it wants. You can file a civil suit against them seeking injunction restraining them to recover any amount from you as you had not demanded any amount and it was paid by company at its own and now you are not liable to return at their whims and wishes at such higher interest rate.

B K Raghavendra Rao (Expert) 28 January 2010

Unfortunately you have joined a bad employer. If you have not violated the terms of your employment contract, you are safe. If you have any document to say they had financed the money for your higher studies, then tell them in strongest terms in writing that they are indulging in unfair labour practice.

No action can be taken against you without a notice and domestic enquiry. You are at liberty to approach civil court if they try to bully you on flimsly grounds and cause financial loss to you.

Guest (Expert) 30 January 2010
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Sachin Bhatia (Expert) 30 January 2010
Company can not take any action against you without a notice. Remember don't give your resignation under any presure or influence.

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