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abhishek (eng)     15 December 2012

Consequences of breaking bond

 

Hello all,

I hv breaked bond of an MNC company in 2010 as some people told me that they won't bother abt such issues but company send me letter for pay rs 200000. We dint recieved this letter and refused to accept then 2011 their lawyer send letter for asking same now I got letter from arbitror from court but we dint't received it.

                            are we hv done right by not taking the letter or else they can come with warrant against me ...what to do now.......I am totally confused........plz guide me urgently. ...thanks



Learning

 1 Replies

Kumar Doab (FIN)     15 December 2012

Is there a clause on arbitration inn the bond?

Approach a competent experienced labor consultant/service lawyer/law firm experienced in such matters with all record and discuss in person.

After scrutinizing bond, appointment letter, standing orders of the company, inputs given by you, and thus merits of your case your lawyer may opine that you don’t have to pay anything or company won’t succeed in extracting the amount being claimed by it.

Consulting a competent lawyer shall be better option.

If you have already consulted your lawyer you may proceed as deemed fit.


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