India: Employee Benefits & Compensation

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Supreme Court Upholds Validity Of Employment Bond And Liability To Pay Liquidated Damages In The Event Of Its Breach
A two Judge Bench of the Supreme Court in Vijaya Bank and Another v Prashant B Narnaware, 2025 SCC OnLine SC 1107 on 14 May 2025, has upheld the validity of a restrictive covenant placed by an employer on its employee prohibiting resignation before the lapse of 3 years from date of appointment and for payment of liquidated damages of INR 2,00,000 as a consequential of breach of such restrictive covenant.
India Employment
KC
Khaitan & Co LLP
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