Employment bond related issue
Situation : Hi sir,
I am currently working in BSNL for which i signed a bond. I am selected in a central government job which i have applied before joining my current company. my current company is asking to pay me the bond amount and saying bond transfer is not applicable. Also i feel bond amount demanding is not reasonable and it is completely in favour of employer. Kindly help me to deal with the situation.
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Your contention is correct. As per the settled law the employer entitled for the only amount spent on you during training etc. It cannot demand the entire bond amount with interest. There are judgments of High Court and Supreme Court on this issue which you can apply when they approach the Civil Court by filing a civil suit for recovery of bond amount.
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