The Bond is a form of contract and is dealt under The Indian Contract Act. If you have signed a bond, then any violations of the terms of bond will be breach of contract. Though bond may say that the damage is Rs 100000/-, but court in these cases will awards reasonable damages. What this may be is upon discretion of the court.
But if you have not signed a contract the you are under no liability.
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22nd October 2016 From India, Kolkata
Bond is is not legal binding, unless your employer has spent the bond money on your training.
But he may not be willing to provide you relieving certificate ,in case any such clause is there in your appointment letter or in case you have signed any bond.
22nd October 2016 From India, Delhi