I was an employee in a self financing organization. At the time of my employment the management received a certain sum of money from me as deposit amount and orally agreed to refund the same at the time of retirement/resignation. They have already issued me a receipt for the same amount as “building fund”. They have been showing this ‘building fund’ amount in the liability side of their balance sheet. Now I resigned from there. But when I ask them to refund my deposit amount, the management is unwilling to do so and says that there is no written agreement regarding the refund.
I would like to know is there any way for refunding my deposit money back. I have deposit the same amount there only in their written statement in my appointment letter that I will be paid as per salary given for a Govt. employee (but I have not been paid as per Govt. rules).
Kindly advice in this matter.
