Condition of ban on future employment after VRS from BSN - is it legal?

sas1234
As per VRS scheme of BSNL, an employee taking VRS can not join another PSU unless he refunds entire ex-gratia to BSNL.
Is this condition legal? Can BSNL restrict future avocation of an employee just by giving some money?
Can the fundamental rights ( conferred by article 16(1) and 19(1)g ) of a citizen be taken away by the ex-employer?
Any condition after termination of contract of employment is over is invalid as per contract act section 27.
Pl. read the legal notice sent to BSNL with a number of citations.
https://drive.google.com/open?id=1a7...fHMRcKjUR7rAnM
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