I quit my job after working for 18 months. When I joined, I signed a bond for ₹2 lakhs. Now my company wants me to pay the full amount. They also want me to extend my contract by a year to get a ₹1 lakh raise. My new company is willing to pay the bond amount. My current employer won’t give me a copy of the bond. What should I do?

Apni Law
Apni Law
Law Forum › Category: Labour & Service › I quit my job after working for 18 months. When I joined, I signed a bond for ₹2 lakhs. Now my company wants me to pay the full amount. They also want me to extend my contract by a year to get a ₹1 lakh raise. My new company is willing to pay the bond amount. My current employer won’t give me a copy of the bond. What should I do?
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Apni Law Staff asked 2 months ago

I quit my job after working for 18 months. When I joined, I signed a bond for ₹2 lakhs. Now my company wants me to pay the full amount. They also want me to extend my contract by a year to get a ₹1 lakh raise. My new company is willing to pay the bond amount. My current employer won’t give me a copy of the bond. What should I do?

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Best Answer

Apni Law Staff answered 2 months ago

In India, a bond agreement is legally enforceable only if it is reasonable and not against public policy. You have the right to demand a copy of the bond agreement. Consult with a lawyer to understand your legal rights and obligations and negotiate a fair solution with your current employer.

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