Bond is a detriment factor to employee. You may unperturbedely come out of thsi situation by simply serving the stipulated notice time to the employer. In case of denying or accepting your resignation, you may refer to your employment letter to the clause of Notice to the company serving the days required to be releived from services can be putforth to the HR.
Has the employer provided with any training for the projects that you were initially selected for?
Contrarily, if the HR or the Management decides you to continue & if there is ain't no training provided to you (incurring no costs have been demeed) the bond is said invalid.
Please read your appointment letter & bond thouroughly before attempting to work this issue out. We would be much interested to know about the clause where if there is any specific training/ project assigned to you for which if you leave the company there would be enough loss or why is 1 lakh entreated for?
Best of the solution -- Apply for a resignation, and inform your new employer on your endeavor. Inform 'em that current employer is not accepting your relieving and you've been to your best in getting relieved and request them for a li'l time. I'm sure that any employer would persuade your point.
TRUST YOUR INTEGRITY WORKS...!!
2nd April 2013 From India, Visakhapatnam
Best of the resolution is - Talk persuasively with your present employer (give him any reason). Certainly make sure you are affirmative to the cause and smoothly explain about giving notice. I'm sure trying wont lose.
Similarly, you need to justify your New employer asking "a while" to sort your notice with the company, I gaurantee your integrity will definitely be appreciated.
Go forward, Step ahead...!! Good Luck!
Keep our forum posted, they are many who would benefit the need from your positive action initiated.
3rd April 2013 From India, Visakhapatnam