I HAVE JOINED ROLTA INDIA LTD. MNC MUMBAI IN THE YEAR 2007, I HAVE TO SIGN AN AGREEMENT OF 2.5 LACS WITH UNION BANK OF INDIA AS PER COMPANY POLICY. LATER I FIND THAT THE BANK, UNION BANK OF INDIA HAS PAID 2.5 LACS TO THE ROLTA INDIA LTD. AS AN EDUCATIONAL LOAN ON MY NAME. I HAVE NOT SIGNED ANY SANCTION LATTER NOR THE BANK HAS INFORMED ME ABOUT THE LOAN SANCTION. SINCE THAN I AM PAYING THE E.M.I OF IT FROM MY OWN POCKET. (TOTAL NEARLY ABOUT FEW HUNDREDS OF EMPLOYEE IN ROLTA).
ROLTA NAVER ISSUED ANY CERTIFICATE FOR ANY EDUCATION IF AT ALL CONDUCTED LIKE SOFTWARE TRAINING IN THEIR OWN PREMISES, THIS TRAINING IS FOR THEIR OWN BUSINESS DEVELOPMENT. TODAY IF I WANT TO LEAVE ROLTA INDIA LTD. THE COMPANY IS ASKING TO GET N.O.C FROM UNION BANK OF INDIA, AND TO GET N.O.C, UBI IS ASKING FOR THE HALF PAYEMENT i.e 1.25 LACS. AND REMAING AMOUNT IN INSTALLMENT.
PLEASE CAN ANYONE TELL ME IS THIS RIGHT TO HAVE TIUP WITH COMPANY AND BANK FOR SUCH ACTIVITY, DOES BANK HAS RIGHT GIVE EDUCATIONAL LOAN TO M.N.C COMPANY FOR EMPLOYMENT.
PLEASE GIVE ME YOUR SOLUTION AND SUGGESTION.
REGARDS.