Legal Question in Employment Law in India

Bond Break

I had joined a software developing MNC in Noida and had signed a employeement agreement of 18 months on 100/- rupee stamp paper. Its mentioned in agreement that i had to work in this company for atleast 18 months and upon breach of such i had to pay one lakh rupees.

Sir now i had got an oppurtunity to work in a Indian PSU, which is very much suitable for me and my family, but the current employer is not ready to relieve me.

I am not in a condition to pay the bond amount.

Can you assist me here by advicing me how to tackle the situation.

Please help me here.


Asked on 7/15/09, 5:06 am

3 Answers from Attorneys
Pranav Desai PD Legal & Associates

Re: Bond Break

I suggest you to consult a local lawyer with all the documents you have

Read more
Answered on 7/17/09, 7:31 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

Re: Bond Break

it would be unsafe passing any opinion without going through your bond agreement. you may send a copy of the same at [email protected] and you would be advised accordingly.

Read more
Answered on 7/15/09, 5:41 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Bond Break

Duplicate question.

Read more
Answered on 7/15/09, 11:06 am


Related Questions & Answers

More Labor and Employment Law questions and answers in India