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NIt’s basically a stamp paper [something like this](https://images.app.goo.gl/JdrRfFKCQocULvdt5)NFrom what I am aware. Bonds are legal. Not all bonds though.
In scenarios when the employee has signed a bond (not on some a4 sheet but actual bond paper) is liable to pay the amount only in cases where company has spent some amount for their training, or buying some specific equipment for the job for that person. Employer can indeed make a point stating company has invested on the employee.
Even I broke a bond and fought against the employer in labour commissioner office. After 4 months of struggle I got my experience letter. (The company had asked me to pay 7L lmao, they even sent me legal notices, to which I replied with help of a local lawyer)
During the process I learnt bonds are valid and legal. The penalty however, is decided by the court.
Companies often say bullshiït numbers in lakhs but mostly in some thousands it can be wrapped up.
There are some laws of the companies mentioned in the bond as well example – one employee can’t resign and join rival company.
There are numerous cases online to study.
