Vijaya Bank v. Prashant: Reconciling Employee Rights with Talent...

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2025-12-27 14:44:14 -

Vijaya Bank v. Prashant: Reconciling Employee Rights with Talent Retention

On May 14, 2025, the Supreme Court or SC passed a key judgement in the case of Vijaya Bank v. Prashant Narnaware[1] on the legality of service bonds in employment contracts. Service or employment bonds (“Employment Bonds”) refer to contractual agreements wherein an employee agrees to work in an organisation for a minimum specified period or pay a pre-decided sum (liquidated damages)...

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