Bombay High Court Allows Co-operative Bank's Petition to Recover Training Costs from Employees Who Resigned After Training — Training Bond Enforceable Under Contract Law. The court held that training bonds are not unconscionable and the bank is entitled to recover actual training costs under Sections 73 and 74 of the Indian Contract Act, 1872, as the employees voluntarily executed the bonds and the bank incurred expenses.
12 Jul 2023The Bombay High Court, in a writ petition filed by The Satara District Central Co-operative Bank Ltd. (the Bank), challenged the order of the Commissi...
