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Dinesh DivekarDear NK Ramachandran,
You have written, "my previous employee has sent me a formal email..." Probably it was a typo. You meant "employer" and not "employee".
Anyway, you have not mentioned the terms and conditions of separation mentioned in the appointment letter. What are those? Unless we know that, we cannot comment on it.
From India, Bangalore
KK!HRPrima facie, the admitted position is that you breached the service agreement and the previous employer is demanding Rs. 70 K as compensation for not serving the notice period. Legally, there is not much scope to defend your position.
If you have served any part of the notice period, the compensation amount has to come down accordingly. So the claim is limited to the proportionate amount corresponding to the unserved bond period.
In such matters, the better course is to negotiate with the employer and arrive at a mutually satisfying solution.
From India, Mumbai