Employment bond issue
9 months ago
I joined a IT company 6 months back by signing an employment bond of 2 years , which in case broken ,then I was supposed to pay 2 lakh Penalty.
Few Months back I resigned from the company because of too much work pressure and toxic work environment.
Now they have sent me a legal notice to pay 10 Lakh ( Loss incurred by the Company sincerely I left the project mid-way) + 2 Lakhs ( The Actual bond amount) 12 Laks in Total? What can I do now? Are they entitled to ask me the Loss amount also? Can they ask me to pay for the Loss they incurred ( 10 Lakh) ? Also they have not spent anything on my training, they just gave me a course worth 2K.
Someone please Help me here.
(Note:- Bond was not executed in any kind of stamp paper, it was executed on a normal company letter head paper)
Few conditions are considered as implied if it is not expressly mentioned in an agreement or contract. So if the Company can prove that breach of condition of bond or contract of employment caused a financial loss equivalent to the demanded amount, the employee has to accept that demand otherwise ignore it. Nobody is indispensable in an organization and no financial loss is attributed to an employee if he or she left the Company before he agreed time for a better career. Further, when a Bond is not executed on a stamp paper of appropriate value, it is not enforceable upon the signatories of the Bond on the breach of its condition. In case of any dispute, you may approach the concerned Labour Commissioner or Labour Court for redressal of your dispute.
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