Bond issue..

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Im working in a MNC in Noida. I have a 2 year bond which would be ending on 21st August 2008. At the time of signing the bond, we were given verbal assurance that if you are going for higher studies; your bond money would be waived off. But now wh...
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I'm working in a MNC in Noida. I have a 2 year bond which would be ending on 21st August 2008. At the time of signing the bond, we were given verbal assurance that if you are going for higher studies; your bond money would be waived off. But now when the time has come, they are backing out. The HR people are asking 2 pay the bond money i.e 1.5 lacs which take my SIMS fees effectively to 5 lacs . If we don't pay the bond money; we won't be getting the work experience & the relieving letter plus some 50k of Provident Fund money.
Do I need to show the relieving letter at the time of joining SIMS? I know it would be needed at the time of placement but can I do with Appointment Letter and my last salary slip?
What do you people think? Please give your suggestions on what I should do?


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Im working in a MNC in Noida. I have a 2 year bond which would be ending on 21st August 2008. At the time of signing the bond, we were given verbal assurance that if you are going for higher studies; your bond money would be waived off. But now when the time has come, they are backing out. The HR people are asking 2 pay the bond money i.e 1.5 lacs which take my SIMS fees effectively to 5 lacs . If we dont pay the bond money; we wont be getting the work experience & the relieving letter plus some 50k of Provident Fund money.
Do I need to show the relieving letter at the time of joining SIMS? I know it would be needed at the time of placement but can I do with Appointment Letter and my last salary slip?
What do you people think? Please give your suggestions on what I should do?
Commenting on this post has been disabled by the moderator.