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Company Bond Breaking and is work duration bond legal in india?
22-Sep-2023 (In Labour & Service Law)
I've been working for a IT company for the past 9months. Due to some issues regarding late payment of the salary I have decided to leave the company. But I have signed a bond period of 1year and they made me give them a undated cheque of 50k. Now they are threatening me to give the compensation or I have to work for another 3 more months which I cant because I got new job and they wont wait that long. Can you please give me some legal advice. Is bond legal in india?Can I reclaim my cheque back. Can they do anything against me?
The Bond cannot be enforced unilaterally, but only through the due process of law, that too, only when the company has imparted some specialised training, involving substantial expense. You can reclaim the cheque back through a due Notice setting out the circumstances in which the blank cheque was given. Simultaneously, you may issue stop payment instruction to the Bank.
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Adv. P Venu
Vaikom | 500+ Answers
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