Hi All,
I joined one of IT companies in India as a Trainee. On joining day they took our signatue on Service and Surity bond which was for 2 years and in case of voilation we had to pay INR 1,00,000 to company.
I switched my job after completing 1+ year. At time of separation they didnt mentioned anything regarding bond. Also, in Full and Final settlement I didnt got anything about bond. My seperation process was smooth and as soon as my FnF was done, I received Service letter also.
Its been almost 1 year and 10 months I left company. Today, suddenly they posted a letter that you have breached the bond and you need to pay the amount to company withing 2 weeks. In case of failure, they will take legal action against me.
I want to know what can be done in this situation. What happens if I dont pay amount and a legal case is filed against me ?
Please let me know your opinion. Appreciate your help.
Thanks
Ratnesh