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HELP!! Infosys Bond

 
Greenhorn
Posts: 2
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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
 
Author
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8
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"Mr Bond",

Welcome to JavaRanch.

Please look carefully at official naming policy at Javaranch & reregister yourself with proper first & last name, with a space between them. Please adhere to official naming policy & help maintain the decorum of the forum. The naming policy can be found at http://www.javaranch.com/name.jsp

--Mark
 
Alok Kumar
Greenhorn
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Sorry bout that. Was anxious to get some advice asap.

still waiting ....
 
Ranch Hand
Posts: 49
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I guess there was a long discussion on this topic sometime back and the company mentioned that time was Patni. Probably you can search this forum for that discussion.

Also, not really related to this, I would like to add that folks who post some queries/issues/etc online should finally post the results/findings/conclusions also for the benefit of others. Otherwise what I have frequently observed is that once people post queries, there is a series of discussions, and then there is an abrupt end in discussions or the guy who has started the post does not get back as to what was the result, or how he managed the situation in the end.

Thanks
 
Greenhorn
Posts: 7
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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.
 
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