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service bond

Querist : Anonymous (Querist) 15 February 2010 This query is : Resolved 
sir

i have been working with a public sector bank for the last 7 yrs.after joining of 3 yrs my employer conducted a writtestest for taking the dealers within the organisation.I got through the exam n was selected as a dealer.(in circular they have mentioned that the selected candidates has to excecte a service bond for 5 yrs or have to pay Rs 6 lakh).after our selection i have rejected to sign the bond as my domestic problmes came in between and the same was intimated to my employer in written form but i wes resdy to serve for the organisation in any other capacity ,but they have not accepted my reasons for not sining the bond and issued a explanation letter stating that " why shound not we take an aciton aganst you under disobedience as you are not follwing the Head Office orders".later we got voral threats and 2 persons forced to resign from the service and i had left no choice but to sign the service bond. here my question is when i refused to sign the bond how can my employer compell on and forcibly get the service bond.please tell me whther these type of bond r valid in the court of law.
s.subramanian (Expert) 24 August 2010
you have signed the bond. you are bound by it. If you were coerced to sign it,you file a civil suit to declare that document to be illegal and void.


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