Supreme Court Upholds ₹2 Lakh Penalty for Premature Resignation, Affirms Employment Bond Validity under Contract Act
In a landmark decision, the Supreme Court of India has upheld the enforceability of employment bond clauses requiring employees to pay liquidated damages if they resign before completing a stipulated minimum service period. In the case of Vijaya Bank v. Prashant B. Narnaware, the Court validated a ₹2 lakh penalty imposed on an employee whoRead more about Supreme Court Upholds ₹2 Lakh Penalty for Premature Resignation, Affirms Employment Bond Validity under Contract Act[…]