i signed a bond on 20 rs stamp before joining | LegaMart

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QuestionApr 3, 2021 - 20:27

i signed a bond on 20 rs stamp before joining

I am selected by a software company, when I reached there to collect my offer letter, they asked me to sign a bond on stamp paper(20 Rs). The bond conditions are as follows: I will join the company after one month. I have to deliver my service to the company for at least one year after my recruitment. If I am not able to serve service for a year and leave the company before that date, then I will have to pay 1 lakh rupees to the company. In addition, I should submit a post-dated check of 1 lakh rupees to a company when I will join the company. However, now I have chosen another employer with a better offer, as a result, I don't intend to join this company. I informed HR but they are saying that they had started my joining process has I informed them very late. They indicated that I'm obligated to join the company. So my concern is what possible legal action they can take against me or they cannot take any legal action on it.

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