Legal action & 18 % interest on due recovery amount
vijay shitole
(Querist) 01 June 2008
This query is : Resolved
Dear Sir,
I have quit US MNC and have joined another company on 12th Feb 08.My notice period was 3 months but i could give only 21 days notice. However I am willing to pay recovery on account of notice pay whichever falls due.
Two weeks back I recd call from DY Manager HR of my company that I owe approx 9000 to the company and requires to be paid ASAP and my PF/Superannuation settlement is held up for the same.
I apprised her of delay in settlement and requested her to send the statement of recovery. However instead of sending the statement she has sent me a reminding letter to pay up the dues or pay 18 percent interest on the amount till date of recovery / face legal action.
There was no such clause in my contract terms with regard to interest payable or legal action for failure to pay up the recovery.
I am willing to pay but such attitude has hurt a lot to me.
May I request you to educate whether there in any provision in employment law regarding 18 percent interest and/or legal action //My relieving letter and experience letter is also not issued.
I was duly relived from the company.
Please advise ASAP whether I can take any legal recourse for this injustice meted to me.
Best regards
Vijay Shitole
Mobile 9820929247
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Guest
(Expert) 03 June 2008
These are all private contracts, between you and your former employer. There are no laws that give a solution for this kind of recovery. It is a pure contract between you and them.
Since you have accepted to pay the recovery, go ahead and be done with it, rather than wasting time in litigation. Only if the recovery is extremely harass, you can think of legal recourse.
