AnonymousThere is no room for negotiation in PSU's, because they are governed by policy guidelines. If the policy guidelines state it has to be paid in one shot, then it has to be done so, unless there is court judgement supporting your proposition.
From Indonesia, Jakarta
riteshmaityOn what ground the indemnity bond was signed? Bonds and agreements to withhold an employee is illegal. The company can recover the actual cost of any training provided to employee through these bonds/ agreement. Did the company provide you any such training? If not, why the company is asking for money?
Yet, the company can file a suit before the court to recover the money but they will not have much chances if you fight properly.
Let the company demand you the Rs.1 lac in writing and then you can start defending yourself may be by replying with assistance of a lawyer. If you have already started communicating, be careful with each and every word. And future communications should be in writing.
From India, Kolkata
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