Breach a bond of Rs. 50,000 with a company, Can I skip the amount and runaway?

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Breach a bond of Rs. 50,000 with a company, Can I skip the amount and runaway?

I am currently working in a Engineering design company as a 'Trainee Engineer'. I am a B.E. Mechanical graduated this year. I want to leave this company for my further studies. I have signed a bond of Rs. 50,000 for six months on a stamp paper. This bond will be ending in March and I will be leaving in December. My salary is around Rs.12000 and by december I will be completing 5 months. I want breach that bond. So can I skip the payment of Rs. 50000 and runaway? Can they take any legal action against it? What action they will take? I don't want any experience certificate from the company.

2007-09-19 04:57:00 · 1 answers · asked by siddhesh m 1 in Business & Finance ➔ Corporations

1 answers

2007-09-19 05:23:17 · answer #1 · answered by Rana 7 · 0⤊ 0⤋