Hi all, I'm working for IT firm. At the time of joining my organisation has asked me to sign a bond of 2 years and penalty for beaching the bond amounts RS 1,00,000(cost incurred in training)- in the bond they have mentioned to provide class room training's on-job training, international training and and there is nothing mentioned as the penalty amount would be reduced as the service goes in bond.
So after 1 year tenure i resigned from the company. The company didn't provided any type of classroom training to me as mentioned in the bond.
In this type of scenario, Will I be liable to pay 1,00,000 as compensation to the organisation. Can I say them to provide exact amount incurred on me as part of training and do they have right to refuse to provide it. Do organisation have right or power to refuse to give me experience letter in case i didn't pay 1,00,000. And incase they refuse what I rights do I have? And If challenge them i court then refusing to pay 1lakh rupees then how long will the case run as it will affect my joining in the next organisation and will hamper my career.
So after 1 year tenure i resigned from the company. The company didn't provided any type of classroom training to me as mentioned in the bond.
In this type of scenario, Will I be liable to pay 1,00,000 as compensation to the organisation. Can I say them to provide exact amount incurred on me as part of training and do they have right to refuse to provide it. Do organisation have right or power to refuse to give me experience letter in case i didn't pay 1,00,000. And incase they refuse what I rights do I have? And If challenge them i court then refusing to pay 1lakh rupees then how long will the case run as it will affect my joining in the next organisation and will hamper my career.