Understanding the Notice Buyout and Reimbursement
When an employer reimburses the Notice Buyout amount, it means they need your services early and regularly, typically for at least one year. This requirement can be communicated in writing, orally, or otherwise. It was their investment in you, and your action regarding the late reimbursement was hasty.
Now, let's understand your case. You received ₹1.5 lakh, which was given to you after 4 months. The amount deducted was ₹1.0 lakh. This means you worked for 4 months, which is 1/3 of a year, and accordingly, the employer deducted ₹1.0 lakh for the remaining 2/3 of the year.
Furthermore, understand that neither the employer was bound in writing to repay ₹1.5 lakh, nor were you bound to serve for a certain period in writing. As such, I do not find any legal remedy.
Do not take my frankness otherwise.
Thanks,
Regards, V K Gupta