Dear Hetal,
If Company terminates employee, than company has to do F&F. They have to pay the salary till the person has worked and the notice period salary as well as mentioned in the Appointment letter. But if the termination is on some disciplinary issues or breach of code as mentioned by Mr. Mahesh, company may pay only the salary till the person has worked and not the notice salary, which depends on terms and conditions mentioned in the HR policy.
In case a person is absconding, company is not liable to pay the notice period salary and company can take action against the candidate for not serving the notice period. As pointed by Mr. Kannan, agree with his view. If a person absconds, than HR cant do the F&F and company has to take action on this as per their policy. Usually company need not to pay anything to the absconding employee as even if a candidate has 1 month notice and the person absconds before getting the salary for the last month worked, so company is not liable to pay anything to the employee. Usually now a days most companies have 2-3 months notice period, and in this case the only probability for the company to pay to the absconding employee is that the company had not paid the salary for last few months and the employees salary with the company is more than the notice period salary.
Regards
Neeraj