What are the consequences of breach of employment contract?

I want to know the consequences of breach of contract. I am a fresher and had joined a company where I signed a bond(2 years + 6 months training). But I skipped the bond and sent them a resignation letter stating that I will not be able to render my services.If I breach the contract then I have to pay Rs. 60,000 to the company.It was not on any bond paper,I had signed the contract on a sheet. I want to know whether the company can take any legal action against me for breach of contract ?
Posted 11 months ago  |    0  | 
Employment
Employment

1 Answer(s)

Tanushree Sharma
Advocate
Even if it is not on the stamp paper the company can proceed legally. The stamp duty along with penalty will be paid in the court while filing a suit. Your company is having every right to initiate action on you.

Top Employment Lawyers In India

Have an urgent need? Talk to a lawyer directly.

Need Free Legal Advice?

Find, consult & hire best advocates in India in a few clicks.

Need Legal Agreements?

Create affidavits, contracts etc. online, within minutes.