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lien on fixed deposit

(Querist) 10 March 2011 This query is : Open 
As security for fulfilling employment bond period, my Company has stipulated that fixed deposit receipt in the name of the surety, and lien marked to my Company should be submitted to the Company.The Company will release this FDR when the bond period is over.

In the event of the employee abandoning the company without the permission of the company, what is the procedure to encash the amount in the fixed deposit by the company?
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