I recently joined a private company and signed a 1.5-year contract with a ₹2,50,000 bond. Now, I’ve received an offer letter from a government department for a job starting in September. I can’t afford to pay the bond amount. Will this affect my joining the government job? Is there any legal action I should be worried about?

Apni Law
Apni Law
Law Forum › Category: Labour & Service › I recently joined a private company and signed a 1.5-year contract with a ₹2,50,000 bond. Now, I’ve received an offer letter from a government department for a job starting in September. I can’t afford to pay the bond amount. Will this affect my joining the government job? Is there any legal action I should be worried about?
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Apni Law Staff asked 4 years ago

I recently joined a private company and signed a 1.5-year contract with a ₹2,50,000 bond. Now, I’ve received an offer letter from a government department for a job starting in September. I can’t afford to pay the bond amount. Will this affect my joining the government job? Is there any legal action I should be worried about?

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Best Answer

Apni Law Staff answered 4 years ago

In India, bond agreements are generally enforceable. However, the legality and enforceability of your bond depend on specific clauses and your state’s laws. You should consult a lawyer to understand your legal obligations and options regarding the bond.

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