Company Contracts Company Contracts

5 years ago

Hi Team,

This is my second attempt to write it down. I joined an organisation two months ago. At the time of joining they asked me to give them a suriety cheque of 175000 INR incase if I leave the company before three years.
Now when I want to quit because of the work culture out there, they are ready to go legal and moreover if my chuqe bounces, they can sue me according to the IPC.

Need some advice how should I go on this ?

Deepak Yashwantrao Bade

Responded 4 years ago

A.dear client in your matter You have not provided the terms & conditions of your contact with the company.However you can consult a labour & Employment and service matter lawyer to guide & help you quickly.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Adv Shuchei

Responded 5 years ago

A.Sir
Again I request you to please share the contract first, then only I can able to guide you.
Regards
Helpful
Helpful
Share
Placeholder image

Anonymous

Replied 5 years ago

There is no option to upload the contract. Would have shared it.

The terms used are;
As a part of suriety you are issuing a cheuqe of 175000, in favour of company ABC, Chuqe no. And bank account no. And name of bank. In case there is a breach in agreement between employees, Company can use this cheque as a part of this agreement. What is the benift for employees here I am unable to get ?

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Adv Shuchei

Responded 5 years ago

A.Respected Sir
Please provide me the Documents Related to your Contract/Agreement.
And, then I'll guide you to take certain steps, so that the Company will not able to place the Security Cheque in there Respective Bank Accounts.
Rest You can Contact me through any of the Platform.
Regards
Adv.Shuchei Agarwal
Helpful
Helpful
Share
Placeholder image

Anonymous

Replied 5 years ago

Hi Mam, there are only few clause in the appointment letter. The have always stressed on the contract breach..

Which states that If the employee fails the training or leaves the organisation before the aid of three years, he will pay company 3.5lakhs along with 18% of interest. I am unable to understand how can they be so cruel.

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Ambrose Leo

Responded 5 years ago

A.You have not provided the terms & conditions of your contact with the company.However you can consult a labour & Employment and service matter lawyer to guide & help you quickly.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Johnson Thangiah

Responded 5 years ago

A.Sir,
They can take action U/S 138-OF-NI-Act and this case will be met with acquittal.Reason is "Security Cheque" is not a legally bound debt.Hence you are a lucky person.
Helpful
Helpful
Share
Placeholder image

Anonymous

Replied 5 years ago

Hi Sir,

Even if they have a chuqe and a contract in place. I have resigned earlier and stated that job and work culture is not good. They rejected my resignation.

They never gave me a training and the job they are providing me is also not satsfactory. I will be moving outside India for work and don't want to be in any trouble. Poor people have no rights in the country.

I am already bearing a loan and have no money to pay their debt.

Placeholder image

Anonymous

Replied 5 years ago

There is no option to upload the contract. Would have shared it. The terms used are; As a part of suriety you are issuing a cheuqe of 175000, in favour of company ABC, Chuqe no. And bank account no. And name of bank. In case there is a breach in agreement between employees, Company can use this cheque as a part of this agreement. What is the benift for employees here I am unable to get ?

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Ashish K Dongre

Responded 5 years ago

A.Need appointment letter before committing/advising anything.
Helpful
Helpful
Share
Placeholder image

Anonymous

Replied 5 years ago

There is no option to upload the contract. Would have shared it. The terms used are; As a part of suriety you are issuing a cheuqe of 175000, in favour of company ABC, Chuqe no. And bank account no. And name of bank. In case there is a breach in agreement between employees, Company can use this cheque as a part of this agreement. What is the benift for employees here I am unable to get ?

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconcivil law
Dear Client, When a suit related to a property is sub-judice(pending) before a Court of Law, that cannot be a subject matter of an agreement or contract. Being aware of the facts if the parties made a...
question iconContract renewal and Earn leave encashment.
Dear Client, Contractual workers are subject to the terms and conditions of their employment which can be altered or revised by the Contractor which is their prerogative and if such alteration protect...
question iconEmployment Agreement/ Experience and Reliving Letter
Dear Sir Please approach the following authority or similar authority in a state The Office Commissioner of Labour Karmika Bhavan, Dairy Circle, Bannerghatta Road, Bangalore-29. 080-29753078 labou...
question iconEmployee Contract - Reg
Dear Client, The breach of any terms and conditions of any contract makes the defaulter liable to face legal consequences from the other party. But, a discriminatory or mala fide action of the employe...
question iconSign on blank paper
Dear Client, In the given scenario, be ready for any unwanted and worse consequences for signing on a blank paper if the same is misused. Serving a legal notice try to get back the said signed blank p...