669+ Lawyers are online 
Signed a bond at the time of joining do I have to pay amount If i quit
12-Jan-2023 (In Labour & Service Law)
Dear Sir, I have singned a bond with company while I attended a course financed by company in month of July 2013. The bond was for 3 years after i start using the privleges of the course attended . I have completed 2 years this 13 Dec 2015 . I have put my paper but now company is asking to pay bond amount in full. In bond one clause states candidate will be returned undated cheques after completion of each year . Next clause says if candidate leaves within 3 year , he need to pay in ful. Kindly advice whether I have to pay full or still it can be considered reducing bond.
The law in this regard is that in case the employer spends any amount of imparting special training to its employees,he has a right to recover the loss in case he isn't able to use the skills of the employee so trained in case of his early departure by way of resignation before the date stipulated in the contract.
However this has some riders and the employer may not force you to serve with him.
In case you leave early , in order to recover any amount from you in case of your early resignation the employer will have to prove actual loss suffered by him and not the amount as stated in the bond.
21+
Adv. Pravin Sharma
Delhi | 100+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
