Legal Question in Employment Law in India
Hello,
I work in a company as an Engineer where i had to sign a service bond of Rs. 3,00,000 for a period of 3 years(36 months).I had to submit a post dated cheque of Rs 3,00,000.I was told verbally that the bond value would decrease with time of service;being null and void by the period of completion of the bond .Now i have served the company for 28 months and wish to leave the company.I am willing to pay the remaining bond amount for 8 months to the company but the company is demanding the total bond amount of 3,00,000;which i am unable to pay.Kindly advice and tell me whether the company can legally prosecute me in case of non-payment of the amount.
Asked on 1/04/13, 7:29 am
2 Answer from Attorneys
firstly send legal notice and u may file civil suit and may file suit in Labour court
Answered on 1/06/13, 12:43 am
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