The Supreme Court upheld the validity of a bond clause in an employment contract, allowing a Public Sector Bank to recover ₹2 lakhs from an employee who resigned before completing the mandatory three-year service period. The Court held that exclusivity clauses in employment contracts (requiring minimum service period) are legally permissible and do not fall… Continue reading Employment Bond Valid, Doesn’t Violate S.27 Contract Act’ : Supreme Court Upholds Rs 2 Lakh Penalty For Premature Resignation
Employment Bond Valid, Doesn’t Violate S.27 Contract Act’ : Supreme Court Upholds Rs 2 Lakh Penalty For Premature Resignation
