Supreme Court Allows Vijaya Bank's Appeal, Upholds Validity of Minimum Service Clause for Employee Retention Requiring ₹2 Lakh Liquidated Damages for Early Resignation, Set Aside High Court’s Judgment: “Clause Does Not Restrain Future Employment, Nor Is It Opposed to Public Policy”
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Supreme Court Allows Vijaya Bank’s Appeal, Upholds Validity of Minimum Service Clause for Employee Retention Requiring ₹2 Lakh Liquidated Damages for Early Resignation, Set Aside High Court’s Judgment: “Clause Does Not Restrain Future Employment, Nor Is It Opposed to Public Policy”

Court’s Decision The Supreme Court allowed the appeal filed by Vijaya Bank and set aside the High Court judgment which had quashed Clause 11(k) of the appointment letter requiring an…
May 27, 2025