I served L&T for 26 years and then left the job. I was properly relieved by the company after serving due Notice period and settlement of accounts. I was a member of the L&T Superannuation fund. On my relieving letter it was written that I shall be communicated about my superannuation payment after one year. Subsequenly I got a letter from L&T stating that I am not being given my superannuation amount, as I have joined a competitor. I understand that as per supreme court ruling that under Section 27 of the Contract Act, a service covenant extended beyond the termination of the service is void. Agreement restricting an employee from joining a competitor is one which accrues only after termination of service contract and hence it is void and not maintainable
No employer can rstrict an employee to join a competitor. Even if an employee has signed such an agreement with the employer, such document has no legal standing. Documents with conditions like restricting employees from joining a
21st May 2013 From India, New Delhi
Just wanted to clarify L&T has separate superannuation scheme over and above PF & Gratuity. Also I fulfill all other requirements like age and number of years in service for eligibility to get this amount. Only thing is my joining another company making same product. I am looking for an advice and legal help on the matter.
21st May 2013 From India, New Delhi
you will surely get the superannuation benefit. There is a long story behind this. They deny this benefit to employees to serve some privileged ones.
23rd October 2013 From India, New Delhi
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