Is it legal and right for company to ask for recovery of notice period in absconding cases?

Hi Everyone,
I used to work for a company and absconded after working for just about 1 month and 15 days(I was on probation) as I got a better opportunity elsewhere, I spoke to manager and HR that I'd got a better job and as my financial position is weak I have to take it hence,they said they'll treat me as absconded and terminate me(I submitted all company articles with me back to them) Now after almost a month from my last working day they've mailed me asking for F & F settlement amount which I can't afford to pay, they have also mentioned that if I fail to pay dues within 3 days they will be constrained to initiate appropriate action against me, however there is a sentence in the mail that says It is only on receipt of recovery amount They will provide experience or releiving letter, friends I'm scared and need to know If I can ignore it and not pay anything, I don't want experience letter, I know it will affect my future but I can't afford to pay the amount.I'm cornered please help me guys

Dear Ahuja and Adventurer,
I think both of you would have accepted and signed the offer letters/appointment orders during the initial phase of your employment itself with your eyes and minds wide open only. Whatever be the compulsion of your situation then, making a counter offer or a request to amend the conditions which were unfavourable or unacceptable according to your perception would have been better when your inclination was towards a better job. There is no point in scanning the loop holes of the terms now to your advantage when you wantonly breached the exit conditions of the contract of employment which you agreed earlier in totality.
Coming to the queries of Ahuja which were raised in 2011 but still alive unanswered, once the employer terminated your services on the ground of unauthorised absence, they can not take any action for violation the bond which was not actually signed and executed by you. If you have documents proving your employment and membership with EPF, I think you can submit your application for withdrawal direct to the EPFO after getting it attested by the Labor Officer for the area. Your own statement answers your third query. Hope you will give a feed back now.
About the post of Adventurer, strictly speaking, you are in the employment of the previous organization on record since no final action was taken so far against your unauthorised absence. Call on the HR and pay the dues as per the exit terms of your contract of employment.