what will happen if i break an employment bond and not pay the money
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Simply nothing. They just won’t provide you the Experience letter. They won’t take any legal action because such bonds have no legal status in India (according to the “Bhandhua Majdoori Unmoolan” Act).
I also broke the tie with my company; they did not provide me a letter, but my salary slips and appointment letter were sufficient for a new job.