Service Bond

Rs 2 Lakh indemnity clause restrictive covenant
Case BriefsSupreme Court

Vijaya Bank while issuing the appointment letter to the respondent, included a restrictive covenant carrying an indemnity clause, wherein the respondent had to pay the Bank if he leaves the service before completion of 3 years.

Rajasthan High Court
Case BriefsHigh Courts

“How can it be termed to be a financial loss to the State Government when an employee who had been imparted training for some particular contractual job, continues to serve the State Government although, on regular basis.”