Dear Seniors,
I was working with ITC Ltd. - Hotels division and recently quit my job. I had signed a Service Agreement on a Non-judicial stamp paper with the Company in Aug 2012 for 3 years (1 year of training and 2 years of service) for INR 5.34 lacs excluding interest.
I worked at the firm for 2.5 years exactly and quit my job after serving a notice period of full 3 months and signed off my handover. I left the Company 6 months prior to the date of Agreement expiry.
I had also given my Exit Interview in which I had cited the reason for resignation as \"Lack of congenial work environment\", \"Poor work-life balance\" and \"Higher Studies\".
My salary and all dues have been cleared by the Company. However, I have now received a letter from the Advocate of ITC Ltd. asking me to pay up the entire INR 5.34 lacs + INR 1.05 lacs interest.
Can somebody please advise on the validity of this letter? When I had joined the Company, I was told that the working hours will be from 9am-6pm, though I was made to do overtime everyday amounting to 11- 13 hours daily. This is the reason I had given a premature resignation and decided to pursue higher studies.
This reason was also given very clearly during my Exit Interview, the document of which remains with ITC.
Please advise on the implications of the letter and further action to be taken from my end. I have been asked to pay up within 15 days (letter dt. 20 April 2015)
Also, what does Agreement on a Non-judicial stamp paper signify?
I was working with ITC Ltd. - Hotels division and recently quit my job. I had signed a Service Agreement on a Non-judicial stamp paper with the Company in Aug 2012 for 3 years (1 year of training and 2 years of service) for INR 5.34 lacs excluding interest.
I worked at the firm for 2.5 years exactly and quit my job after serving a notice period of full 3 months and signed off my handover. I left the Company 6 months prior to the date of Agreement expiry.
I had also given my Exit Interview in which I had cited the reason for resignation as \"Lack of congenial work environment\", \"Poor work-life balance\" and \"Higher Studies\".
My salary and all dues have been cleared by the Company. However, I have now received a letter from the Advocate of ITC Ltd. asking me to pay up the entire INR 5.34 lacs + INR 1.05 lacs interest.
Can somebody please advise on the validity of this letter? When I had joined the Company, I was told that the working hours will be from 9am-6pm, though I was made to do overtime everyday amounting to 11- 13 hours daily. This is the reason I had given a premature resignation and decided to pursue higher studies.
This reason was also given very clearly during my Exit Interview, the document of which remains with ITC.
Please advise on the implications of the letter and further action to be taken from my end. I have been asked to pay up within 15 days (letter dt. 20 April 2015)
Also, what does Agreement on a Non-judicial stamp paper signify?