I have written a bond for an IT company for 3 years. However, after working for 2 years and 7 months, I have decided to leave due to a financial crisis. Now, they are asking me to pay 2,00,000 + GST, and my current CTC is 3 LPA. Otherwise, they are not going to provide a relieving letter. Can I pay the amount for now and after receiving all my experience letters and relieving letter, can we raise a case against them to get the money back? I'm in the early stages of my career, and I don't want to disturb it without experience letters and all.
From India, Guntur
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From India, Guntur
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Pl.go thru' the earlier discussions & links provided in these pages for your info.
From India, Bangalore
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1159From India, Bangalore
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Dear Bunty1626,
You have worked for 2 years and 7 months. You have a bond with your company to work for 3 years. Now only 5 months remain to complete the 3-year bond. It seems you have ample money to pay either to your company or to an advocate. 5 months can easily pass, don't you think so?
Now the question arises whether such a bond is legally binding or not. There are different views on it. What kind of bond is it? How is it drafted? Has the company spent some amount on your training? All these things need to be considered before deciding on the merit of your case, and for that, you need to spend a significant amount of money.
Think of the relationship that may be at risk of spoiling your career by breaking the bond for just a short 5 months. Consider the repercussions of every decision you make. Make a wise decision, dear.
From India, Mumbai
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You have worked for 2 years and 7 months. You have a bond with your company to work for 3 years. Now only 5 months remain to complete the 3-year bond. It seems you have ample money to pay either to your company or to an advocate. 5 months can easily pass, don't you think so?
Now the question arises whether such a bond is legally binding or not. There are different views on it. What kind of bond is it? How is it drafted? Has the company spent some amount on your training? All these things need to be considered before deciding on the merit of your case, and for that, you need to spend a significant amount of money.
Think of the relationship that may be at risk of spoiling your career by breaking the bond for just a short 5 months. Consider the repercussions of every decision you make. Make a wise decision, dear.
From India, Mumbai
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