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Dear Sir/Madam,

I wish to inform you that I have joined a PSU bank as an officer. As part of my agreement, I provided an indemnity bond committing to work for the bank for a certain number of years. However, due to health reasons, I had to resign from my position. It's important to note that I have not received any monetary benefits, including my training stipend and salary.

I am now concerned about the validity of the bond given the circumstances. I kindly request assistance in resolving this matter.

Thank you for your attention to this issue.

Sincerely

From India, Pondicherry
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pca
1446

As per Sec.27 of Indian Contract Act such a contract is not valid. Pl. refer attached article in this regard.
From India, Malappuram
Attached Files (Download Requires Membership)
File Type: pdf Negative Covenant in Contract of Employment.pdf (108.5 KB, 244 views)

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