654+ Lawyers are online 
How do I handle the Mis-usage of bond against employee?
26-Aug-2023 (In Labour & Service Law)
Was deputed abroad, not training, but with the Head count in India. Had to sign a bond (liquidation damages). During this period, due to personal reasons i requested for an early return and they asked me to return and join a profile which was not in my interest and level. Therefore, negotiation for early return went on and finally i was forced to complete my deputation period. After i was back there was no proper career development plan made inspite of my repeated request (documented). Now i have an outside opportunity and they are asking me to pay a huge bond amount which i cant. Pl help!
Employment Bonds are basically a give & take relationship. If the employer invests money on you for your education, training etc., then the employer has a right to retain you as an employee of the Company provided the conditions are reasonable and are not in violation of any law. However you can challenge it in a Court by filing a case if the conditions mentioned in the Bond are unreasonable and if you can prove that your employer did not invest any special money on you (other than salary) to improve your skills, educate or train you etc. and therefore will not suffer losses if you leave the Company.
Helpful?
15+
15+
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.
Connect with top Labour & Service lawyers for your specific legal issue
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."
