Hello, I am working for a private company. My question is - I have traveled to the US for a process transition for 1 month, and before going on transition, the company told me to sign a bond of 2 years, which I did. Now the issue is I am working in Noida, and my home location is Mumbai. I want to quit the job and move back to Mumbai to take care of my parents as they are not keeping well. Now, when I resign from the company, I have a few questions. Please help me out:
1. Do I need to pay 2 lakh rupees for which I have signed the bond for 2 years as I have not completed 2 years after returning from the US? Till now, I have only completed 8 months with the company.
2. If I don't pay the bond amount, what will happen? Does the company have a legal right to take me to court?
3. Can the company hold my relieving letter if the amount is not paid to them?
Please help me out so that I can move to Mumbai to take care of my parents.
Thanks,
Rakesh M
1. Do I need to pay 2 lakh rupees for which I have signed the bond for 2 years as I have not completed 2 years after returning from the US? Till now, I have only completed 8 months with the company.
2. If I don't pay the bond amount, what will happen? Does the company have a legal right to take me to court?
3. Can the company hold my relieving letter if the amount is not paid to them?
Please help me out so that I can move to Mumbai to take care of my parents.
Thanks,
Rakesh M