I started working in a Mumbai company two years ago and had to sign a bond. They also asked me to open a fixed deposit for ₹25,000 in a specific bank. After serving my notice period, I resigned. My company promised to transfer the FD amount to my account, but I haven’t received it yet. The bank says I need the bond papers from my company, but they aren’t responding. What steps can I take to get my money?

Apni Law
Apni Law
Law Forum › Category: Corporate › I started working in a Mumbai company two years ago and had to sign a bond. They also asked me to open a fixed deposit for ₹25,000 in a specific bank. After serving my notice period, I resigned. My company promised to transfer the FD amount to my account, but I haven’t received it yet. The bank says I need the bond papers from my company, but they aren’t responding. What steps can I take to get my money?
Vote Up
365
Vote Down
Apni Law Staff asked 2 years ago

I started working in a Mumbai company two years ago and had to sign a bond. They also asked me to open a fixed deposit for ₹25,000 in a specific bank. After serving my notice period, I resigned. My company promised to transfer the FD amount to my account, but I haven’t received it yet. The bank says I need the bond papers from my company, but they aren’t responding. What steps can I take to get my money?

1 Answers
Vote Up
31
Vote Down

Best Answer

Apni Law Staff answered 2 years ago

You can file a complaint with the Consumer Forum or the Labour Commissioner against your company for breach of contract. Additionally, you can approach the bank with a legal notice demanding the release of the FD amount.

You Might Also Like

My father started a business in India a few years ago. Sadly, he passed away recently, and I’m struggling to find information about the company. I only have the TIN number. How can I find out who the current owner is and get the full details of the business? Could you guide me through the process and tell me which offices I need to visit?

My business partner and I run a firm together. Without telling me or the court about our bank loan, he filed a case to dissolve the partnership. Can he avoid paying back the loan? I need advice.

What are the essential steps to initiate a company closure process in India?

My company, let’s call it “PQR,” is funded by “RST” (website: RST.com). As a personal investment, I bought a domain “RSTextra.com” a year ago. Now, RST knows I own this domain and wants to buy it. They’re putting pressure on PQR to get it from me. PQR is accusing me of breaching information security just because I’m their employee. But RST existed long before PQR, and anyone could have bought this domain. Can they really file a case against me for information breach or anything else?

I began my business in 2010 and signed a dealership agreement. The company took 2 cheques from me as security. Things went well until they sent me excess goods. I asked them to take back the extra materials and settle the account, but they didn’t listen. This extra material became useless and caused me losses. Now, I’m shutting down my business and looking for a job. During this time, the company presented my security cheques to the bank, which bounced due to insufficient funds. They’re threatening to file a case against me in another city. Can I defend myself in court?

Share This Article
Previous Article In a family where Ramu has a son, Shyam, who has an adult son, Mohan, and an adult daughter, Geeta, Ramu owned some land, including some inherited from his father. Unfortunately, Ramu passed away without a will. Would Shyam, Mohan, and Geeta now be joint owners of this property? Can Shyam sell the land without Mohan and Geeta’s agreement? How would this property be divided amongst them under Hindu law?
Next Article My in-laws and husband have been constantly harassing me for dowry for the past three years despite several agreements. Recently, after a surgery, my husband publicly humiliated me in front of his boss. He left home on July 3rd, refusing to pay rent and declaring he had no connection with me. He filed for divorce on July 8th, and I received the summons on August 12th, demanding my appearance in court on September 15th. I have filed a dowry harassment case and a domestic violence case. I need advice on how to proceed further.

Follow US

Find US on Social Medias
Popular News
- Advertisement -
- Advertisement -
Ad imageAd image

📢 Stay Connected!

Join our community on Telegram and WhatsApp for instant updates, news, and exclusive offers.