Hai and Hello,
I currently resigned to my job and I do have a 2 year service bond with the company, They had collected a undated cheque of 200000 rupees from my zero balance account.
Does I need to pay it, or it is as a zero balance I need to know whether there will be any problem
From India, Hyderabad
I currently resigned to my job and I do have a 2 year service bond with the company, They had collected a undated cheque of 200000 rupees from my zero balance account.
Does I need to pay it, or it is as a zero balance I need to know whether there will be any problem
From India, Hyderabad
Hello,
There sure is some ironical connection between your name 'Iamtrue' & your query :-(
Whether you have any Balance in your account or not, the moment the Company deposits your cheque in their Bank & IF it bounces, you have SERIOUS trouble, as cheque bouncing is a Criminal Offence.
Rgds,
TS
From India, Hyderabad
1641There sure is some ironical connection between your name 'Iamtrue' & your query :-(
Whether you have any Balance in your account or not, the moment the Company deposits your cheque in their Bank & IF it bounces, you have SERIOUS trouble, as cheque bouncing is a Criminal Offence.
Rgds,
TS
From India, Hyderabad
Friend , consult a lawyer and serve a legal notice. You will not have any problem neutralising the service bond if you move legally.
From India, Bangalore
From India, Bangalore
Dear Friend,
You have given undated cheque for Rs.2,00,000/- for two lakhs, and it is given by you knowing the work nature. May be it is a later thought about the cheque, please ensure yourself 1) The reason for giving that cheque 2) What make you to offer/give the cheque, these are known to you and take action accordingly.
From India, Arcot
You have given undated cheque for Rs.2,00,000/- for two lakhs, and it is given by you knowing the work nature. May be it is a later thought about the cheque, please ensure yourself 1) The reason for giving that cheque 2) What make you to offer/give the cheque, these are known to you and take action accordingly.
From India, Arcot
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Employer suit for breaking service bond within 3 yrs - Delhi HC 5.9.2014.pdf
Death while in service letter for pf death claim.docx