Legal action

Querist : Anonymous (Querist) 10 September 2011 This query is : Resolved
Sir,

If one is in a MNC and have deposited security amount at the start.. But now that person want to leave the company, so i have few queries:
1. How one will break the bond?
2. Is there any way that i can break the bond and will get full/some security amount back?
3. Is there any sort of legal action which company can take if left in between? Means which one realy need to fear abt :)

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Devajyoti Barman (Expert) 10 September 2011
Without seeing the job contract it is difficult to advise on this.
Any body on breach of contract move the court for damages or penalty.

Querist : Anonymous (Querist) 10 September 2011
Sir, please help. I have joined a company in JAN 2011 and have signed a bond for 3 years and deposited a security cheque worth 60k. now i have medical issues and cannot do the job,will the company take any legal action

Querist : Anonymous (Querist) 10 September 2011
what is the process in actual for any action?

prabhakar singh (Expert) 10 September 2011
represent the company with detail of medical and also mention that a cheque without consideration was obtained by the company.

prabhakar singh (Expert) 10 September 2011
If any action at all company proposes to take the same shall be through suit or by a cheque bounce cause u/s138 of Negotiable Instrument Act.

Kiran Kumar (Expert) 11 September 2011
firstly the parties are bound by the terms of the agreement.

but by using the agreement the company can not black mail you when there is some sever medical problem with you.

give a detailed application to the relevant authority in the company and simultaneously stop the payment of the cheque but without informing the company.

if the company does not cooperates then leave it at your own, let them take some action....it can be defended....a mere agreement can not put your life at threat...but keep in mind the medical grounds shall not be superficial....there must be strong reasons and strong evidence to support your claim.

Guest (Expert) 11 September 2011
Solution to your problem would lie only if you can prove any illegal provision in the bond, which you can verify with the help of some experienced lawyer by showing the bond document.

girish shringi (Expert) 13 September 2011
I do agree with the experts.

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