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RWillingly signed an Employment bond with one firm for 2 years which also has a clause “incase I fail to join I need to pay the bond amount coz company has undertook some projects with my commitment to join”
This was my only safest way to put down my paper & resign from current firm, but now I do not wanna join.
So do I really have to pay 4L now to the previous offer firm & are employment bonds valid in India ??
Their so called Legal representative called me to confirm if I am not joining & said they will take this to the court.Need some suggestions if someone has faced any legal actions which led to trouble in future employments (BGV checks) due to absconding of this bond even if I chose to pay the amount?
note: i am not gonna join the firm.
Can someone please help what to do in this case ?
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BLawyer here, based in Delhi.
Employment bonds are enforceable under Indian law only to the extent they are reasonable. Courts have repeatedly held that a bond must not amount to forced labour, that it must be reasonable in time period and amount, and it must be proportionate to the actual loss incurred by the company.
So, a bond is not automatically illegal, but enforcement depends on whether the company can prove actual loss, and whether the bond terms are not excessive.
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