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Employment bond break and cheque bounce
12-Dec-2023 (In Cheque Bounce Law)
Hi ,
I joined a company where they asked to sign a bond for 3 years . If i break the bond i beed to pay 3 lacs. The company is creating a fake profile for us and submitting to other companies for (they are keeping fake experience) . And there is a lot of mental pressure from management . I left the company because of above reasons. First they approached the bank to withdraw amount and thr cheque got bounce.Now they had filed a Cc-calander case on me in court.please provide your Advice to handle this.
This amounts to cheating and you can lodge a criminal complaint against the company in the police station if you have your employment agreement with specific bond clause.
Please call to discuss further on this.
Please call to discuss further on this.
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Adv. Ramya Kunapareddy
Hyderabad | 100+ Answers
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What is the employee bond rule?
To make the employment bond legally valid and enforceable, it must be stamped on stamp paper with a value that is appropriate. The specified period must be reasonable and the employee cannot be forced to continue working for the employer beyond the stated duration. The employee can choose to rejoin the company.
What happens if you break a 2 year bond with a company?
The only remedy that the employer has in the event of a breach of contract is to receive a compensation amount. The amount of compensation awarded will be determined by the actual loss suffered by the employer as a result of the breach.
Is employment bond legal or illegal in India?
In India, it is legal to use bonds that stipulate a reasonable compensation for breach. It is illegal to work with bonds that appear unconscionable.
What is the penalty clause in the employment bond?
Penalty clauses in employment contracts
Employers risk losing employees if they leave the organization during the period of the contract. Employers include a warning about penalties in their employment contracts. Employees who terminate the contract early must pay a fine to the employer. 11-May-2023
If you get any Legal notice from any advocate then you have to give reply notice to them. Have you submitted any security cheques before joining in that company? If you have any bond soft copy then you can provide that bond to deal with this case. They cannot claim money with security cheques. They should approach civil court if they want to claim any money from you based upon security cheques. If you have any further doubts contact me.
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Adv. Satyanand
Hyderabad | 100+ Answers
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