Service bond
Prince
(Querist) 22 March 2012
This query is : Resolved
Dear Sir,
I had got selected in a PSU and got letter of joining on contract basis in month of 20 Apr 2009 . letter accompanied with a service bond to be executed by me of value 6 lac and in that bond service conditions are such :
I am suppose to under go a training of one year and after completion of training i am bound to serve the company for a period of three year it is also mentioned that if in case i leave the company in between training i had to pay to company the bond value.
Now i made the bond on 10 may 2009 and approached the on pre decided date of 14 may, 5 days induction training was given and after that i had been issued with a letter that Ur training will commence from 01 June and you are transferred to other base.
i had joined there and found that the training is not fruitful for me in any condition so i left the company in 73 days stating that i am not feeling well.
now i am not doing any job and had started my own business . Very recently i had received a letter stating that you had been absenting from so and so date and you should clear your in tension whether you are paying bond money with interest or we shall approach to court and recover it with your sureties .
Please provide me the information what should i do. whether this service bond will be applicable to me.
Also they had not paid me the salary of first fifteen days of my joining rest they had paid . Please help me with a proper solution . whether i have to pay full money .
Regards
Prince
H. S. Thukral
(Expert) 22 March 2012
since you don't have to join another employer you shall not be requiring any testimonials from your present employer. They have issued a letter to you stating that you are absenting from duty a disciplinary action can be taken against you resulting in termination of your service. Since it will be the employer who shall be snapping ties with you, you can escape on bond by saying you did not resign. So keep quiet and do not respond to letter.
Shonee Kapoor
(Expert) 22 March 2012
Though keeping in mind that future might be unpredictable. I would suggest a negotiated exit.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Prince
(Querist) 24 March 2012
Sir,
Since they had also mentioned a claws in bond letter that during or after completion of training if i leave i had to pay . So plz let me know also i had been a contractual employee.
How can i escape with bond.
Anil Kulkarni
(Expert) 24 March 2012
Your case is very similar to Arun Kejriwal, who despite well learned did not exit properly from the Government Service. You are a PSU employee even as on today as you have not taken proper and legal exit after duly getting discharged from the services. You may also be aware that the conduct rules are same from Government servant and that of a Government and Government Understaking or you may be subjected to Standing orders applicable to your organisation. See the provisions and discuss with the employer the way of proper exit. You may negotiate if possible or will have to pay the sum along with interest as done by Kejariwal. It is always in good interest to see that you have appropriate service and discharge certificate from Government or PSU no matter whether the same is required by your next employer or not, otherwise there is no escape from the money due to Government or PSU and they will do everything to recover it from you. Unless you are sure that you are on the right side, it is futile to fight with the might and patience of the Government or PSU.
Guest
(Expert) 24 March 2012
Although your case falls within the scope of indiscipline on account of unauthorised absence, but the PSU will be well within its right to recover the bond amount from you through court of law well before issuing any charge sheet to you to terminate your service.
Since the PSU has already issued you a notice of recovery before deciding to take any disciplinary action, I don't think you will be in advantageous position if the PSU decides to file a court case against you along with your sureties.
Prince
(Querist) 25 March 2012
Sir,
So it means though i had not done training,The training was not benifiting me, I had to pay full amount along with interest.
