Bhubaneswar, June 26 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1740993813.jpg

Planning to leave your job before completing the minimum tenure laid out in your employment contract? Think again. In a recent landmark ruling, the Supreme Court upheld an employer's right to impose financial consequences on employees who exit early, provided such penalties are part of a valid employment agreement.

The Case in Focus: Vijaya Bank vs. Prashant B. Narnaware

The case dates back to 2007 when Prashant B. Narnaware joined Vijaya Bank as a senior manager under a contract that required him to serve at least three years. The agreement stated that a premature exit would incur a penalty of Rs 2 lakh. Just two years into the...