Originally posted by Mr Bond:
Hello all,
I was a fresher working with Infosys India Pvt. Ltd. I had signed their
1
year contract or bond. I left the company after 6 months to pursue
higher
studies. I have got a letter from infy asking me to pay Rs. 1,00,000
for
breaking the bond.
I want to know:
If this bond is legal, admissible in the court?
It was not on a stamp paper, though it was stamped by a notary.
Will I have to pay the money? What are the consequences if I dont pay
it?
What legal action can be taken against me?
Have you come across such a case of bond breaking by a fresher in infy
or
any other company? Has anybody been convicted or has paid the money?
Please let me know as much as possible and as soon as possible.
I will be waiting for your replies.
Thanks a lot,
Bond
Well, yes - the contract which you sign with Infy is very much valid legally.
Having said that, I've seen one case where after signing the contract, the person quit within 4 months. He received a lot of letters from Infy, but was not asked to pay the bond sum.
Mind you, I'm not saying that the case will not be pursued by company.