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Bloomberg Quint

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Image Credit: Bloomberg Quint

The Price Of Walking Away — New Era Of Enforcement For Employment Bonds

  • The SC's verdict on employment bond enforcement needs closer analysis in recent Vijaya Bank case.
  • Employment bonds in India aim to retain talent with minimum service period or compensation.
  • Legal debate focuses on Sections 23 and 27 of the Indian Contract Act, 1872.
  • SC's decision challenges customary views on enforcement of employment bonds and public policy.
  • The impact of the SC ruling on PSUs and private employers is yet to unfold.

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