Karnataka High Court Lets Vijaya Bank Retain ₹3 Lakh Indemnity Recovered From Employee Who Left Before Completing Mandatory Service Period

The Karnataka High Court has set aside a single judge order directing Vijaya Bank to refund the indemnity bond amount collected from a former employee, who left its services before completing mandatory service period of three years and preferred employment with SAIL.A division bench of Chief Justice N V Anjaria and Justice K V Aravind noted that a clause in the employee's joining letter issued...