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The appointment letter is contract between employer-employee. The terms and conditions mentioned in the appointment letter favour the employer. Therefore, these will not stand scrutiny of the Indian Contract Act, 1872. Nevertheless, some aggrieved employee has to raise this issue. To do this, they need to send the lawyer's notice. If not, the former employees who gave a short notice and were declared as absconded should have at least approached the labour office of the area where your company is located. Labour officer could have issued the notice to the employer. Employees are not taking up this matter because employers in India are big fat cats and belling them requires courage. The fattest cat that has even monstrous size is Dr Vijay Mallya. He could away even without paying wages to his employers speaks everything.
Have you resigned from your job? Do you have a fresh job at hand? If yes, then put up formal application to MD for designing unequal or on-sided conditions of employment. If he/she does not oblige then approach the Labour Officer.
16th March 2016 From India, Bangalore
So, I do not think the appointment letter clauses can be shut down on grounds of being unfair.
So, discuss this with your manager and see what can be done
There is no recourse.
16th March 2016 From India, Mumbai
Legal way out may be there,but how far you can prove anything is open to doubt because you have voluntarily accepted to join the company.
The company did not force you at gun point to sign the agreement or accept job offer with such conditions for exit.
16th March 2016 From India, Pune
18th March 2016 From India, Mumbai