Leave your job before submitting the full bond period? This step may now cost you 2 dollars.
Investment banker, Sarthak Ahuja, warned in the position of LinkedIn after the Supreme Court ruling, warning of investment banker in India: “You may have to pay 2 rupees to the employer if you leave before the completion of three years in your job.”
Court, at the Bank of Vegaya and. Against Prashant B Narnaware, supported the bond agreement for a period of three years, and spent that employers can recover training costs from employees who come out early-as long as the conditions are reasonable.
“For a long time, employees have not taken such bonds seriously because the courts will strike them under Article 27 of the contract as restrictions on trade,” AHUJA. “But the Supreme Court now said that if the bonds are limited to recovering real training costs, then this is true.”
The ruling clarified that the amount of bonds must reflect the actual expenses – such as employment, training and administrative costs – and not a penalty. In this case, the court found that the demand for $ 2 is justified, saying: “The amount was not arbitrary or punitive; it reflects concrete losses.”
The referee opens the door for private companies to impose similar items. AHUJA won the employees: “People will not now be able to leave jobs easily as they were doing earlier because of the Supreme Court order that just came.”
However, employers must stay within limits – the recovery must be linked to the incurred costs, and the bond period should range from six months to three years.
Each case will continue to depend on its specific facts. But the signing days and rejecting employment bonds may end. AHUJA also summarized: “Do not take these sentences slightly anymore.”
https://akm-img-a-in.tosshub.com/businesstoday/images/story/202505/6833daaacdefa-employers–however–must-stay-within-limitsrecovery-must-be-tied-to-costs-incurred–and-the-bond-pe-2606132-16×9.jpeg
Source link