I had been working with a company for 15 months. At the time of joining, this company signed a bond with me that I have to serve them for the next 3 years as they will provide training. Against this, I had given 3 undated and unnamed cheques. The bond states, "As a guarantee against attrition, you are requested to deposit with us 3 post-dated cheques of Rs. 30,000 each. One cheque will be returned to you upon completion of the first year of service, the second in the second year, and the final cheque in the third year of service."
Now I have resigned from the company by giving 8 days' notice (my notice period is 30 days). I also had 17 ELs left in my account. I asked them to release me from services as I have completed 15 months with them. As I am leaving before 3 years, I proposed that for breaking the bond, they can encash two cheques and return one to me. However, on the final day of the notice period, they demanded payment for all three cheques, which was nowhere mentioned. I acknowledge that I am breaking the bond, but for...
Now I have resigned from the company by giving 8 days' notice (my notice period is 30 days). I also had 17 ELs left in my account. I asked them to release me from services as I have completed 15 months with them. As I am leaving before 3 years, I proposed that for breaking the bond, they can encash two cheques and return one to me. However, on the final day of the notice period, they demanded payment for all three cheques, which was nowhere mentioned. I acknowledge that I am breaking the bond, but for...