Legal Question in Employment Law in India

I am working with a India limited company. I signed up an employment bond with them on a stamp paper of Rs 10.

My bond is of 3 years and I have already completed two and a half years but I am getting a good job in PSU. The present employer is not giving me any releiving matter. My bond is of 1 lac. I can not pay the bond amount. They have also kept my original documents.

Please suggest how can I come out of this situation.

What would be the consequences if I break the bond.


Asked on 10/06/09, 3:51 pm

3 Answers from Attorneys
Seshadri Srinivasan www.lawconcern.com

Only after reading the bond, you can be advised about consequences of not completing the period of 3 years.

Mr. Seshadri Srinivasan

Advocate.

www.lawconcern.com

emails; [email protected]

[email protected]

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Answered on 10/06/09, 8:30 pm
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

i agree with the above advice. only after going through the bond, the legal remedy can be suggested whether to go for cancellation of bond or seek a stay against the employer.

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Answered on 10/07/09, 1:38 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Already advised.

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Answered on 10/11/09, 3:22 pm


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