Service Bond
Randhir
(Querist) 07 May 2008
This query is : Resolved
Hi,
I joined a company 'ABC' in June 2007. When I got the offer letter via email from this company, it did not talked about the bond. However when i resigned from my previous place of working and went to the new company 'ABC' to join, I was made to sign a bond for Rs. 1 lac and was handed over a new offer letter which had the mention of bond. I was not given a copy of that bond neither it was on a stamp paper. Now I am absconding from that organization and they have terminated me from the service and are demanding 1 lac from me. What options do I have in front of me. Please help. I can never ever pay this amount. Its huge sum of money for me. Please help
Manish Singh
(Expert) 07 May 2008
Did they ever mention in their bond about money to be incurred on you for your training or something? Or have they really incurred any expenses on you to train you.
If it was just a bond making you liable to retain in that company for such period, then just dont worry. That bond is not enforceable.
Randhir
(Querist) 09 May 2008
Hi Manish,
Thanks for your advice.
I was not given any training but that bond did mention that if the company gives me any training or send me abroad then my bond will be extended by six months. But I did not receive any training nor did I went abroad.
Manish Singh
(Expert) 09 May 2008
If they have not incurred anything on you , you are free to opt for some other options but you need to follow the resignation procedure like a months notice or so
