Breaking a bond on 2nd day on joining because of some reason

Question

Breaking a bond on 2nd day on joining because of some reason

21-Apr-2023 (In Corporate Law)

I have signed on the bond of 18 months and they have taken a cheque of 1lac rupees but coz of some reason i want to break that bond but they are saying for legal action.. What should i do...so i am in a tension

Answers (2)

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LawRato LawRato · Accepted Answer · 2017-04-25T12:15:27+05:30

Answer #1

Hello, Since you have signed the bond then you are under obligation to atleast complete 18 months in the said company. However if their are any clause in your bond that can click you can take advantage of that and terminate your bond

Helpful?

25+

Advocate Rajesh Singh LawRato · Accepted Answer · 2017-05-02T16:26:53+05:30

Answer #2

If you have not taken any benefit from the bonded employment then you need not worry. You may have to face some hurdles to defend your case if they proceed with 138 matters after deposit of the cheque and notice of demand. You need to formally send a notice for terminating your employment and related bond and explicitly mention that you have not enjoyed any benefit from the bond hence return the cheque of 1 lac. Further, taking a cheque of 1 lac would also amount to unfair labour practice and you can approach authorities and labour court for the same.

Helpful?

18+

Adv. Rajesh Singh Adv. Rajesh Singh

Mumbai | 25+ Answers

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