bond breaking
2 years ago
I have signed a 3 year bond of Rs 70,000 in Karnataka Article 12 bond paper and I want to leave the jobIf they take legal action against me, the court will take some action against me if I do not come to court even once
A.Dear Sir,
Be assured that for recovery of Rs.70,000/- the employer may not approach the Court since legal expenses are more and it will take 3-5 years to recover the same if you contest the case.
Helpful
Helpful
Share
A.Hi,
The company can't force you to work for them if you have no interest. However, you have to pay the bond amount in case you resign prior to the prescribed period. If the matter reaches to the court, the court may order to pay the bond amount with other expenses incurred for the other party.
Please rate my answer
Thank You
The company can't force you to work for them if you have no interest. However, you have to pay the bond amount in case you resign prior to the prescribed period. If the matter reaches to the court, the court may order to pay the bond amount with other expenses incurred for the other party.
Please rate my answer
Thank You
Helpful
Helpful
Share
Read Related Answers
No Leave Encashment - Worked for 18 plus years in the organization
Dear Client,
Leave Encashment Rules for private companies vary according to their policies and local regulations. Each company has a unique leave encashment policy. Some may have a cap on the number o...
Salary FnF not done
Dear Client,
Your query requires more details and transparency in explaining the cause of action that attracts legal remedies. However, it may be noted that if you tender your resignation following th...
Shift Allowance
Dear Client,
If the payment of shift allowance does not appear in your offer/appointment letter or the wage and salary policy of the Company, you cannot claim it as a matter of right. Other than the d...
Notice period on probation period in company
Dear Client,
Yes, of course, the Company can take action against you for breach of the terms of the contract as per its HR policy. Once you accept the Company's offer letter, you should abide by its...
Can a company deny experience-relieving letter for violating NDA
Dear Client,
For a breach of the terms of an employment contract, an employer can take legal action against the employee claiming damages arising out of the breach of said contract. But the action of...
Read Blogs on Employment and Labour
Employment and Labour Lawyers
Find Lawyers by Location
