I was employed with a company, as Manager Operations. After 3 months of service I was given the responsibility for IT purchase as well. I had intimated my manager that I didn't want to but was forcefully given it. Though this is not written, nor the additional responsibly has been given to me in written.
Now 4 months before I left I got a new vendor for supply of 2 orders. The orders were A – 22 Lakhs & B - 15 Lakhs. POs were signed by my Director as an authority, with my counter initials. We made the payments as for
A: 1 Lakh advance & rest PDC
B: full payment
Now the payments took almost 2 months, so the vendor asked for demurrage charges as 2.5 Lakhs on project A.
By the time I could stop the payment the payment for Project B was released in full. And the PDC for A bounced due to signature mismatch. On getting the PDC back, the management though that pricing was too high, and ordered to cancel the payment.
In the mean while I got to know that project B was available with a local vendor for 9 Lakhs.
What I decided was, now that PO was raised, and the check had bounced, my company might get into trouble. So, it’s better to get the order B executed from the local vendor with the refund amount from the first vendor. Cancellation was 3 Lakhs for Project A & 4 Lakh for Project B, a total of 7 Lakhs. Refund was going to be 8 Lakhs. I also decided to pay the balance 1 Lakh from my pocket.
In the meanwhile I got a new job & had to move out. Company accepted my resignation. I paid for my notice period, and got an exit in 1 week.
However things didn’t work out & my company came to know about the problem. It now thinks that I did a fraud, and wants to recover the cancellation amount from me.
Please suggest, because even I savings sum up to only 4 Lakhs.
Asked 10 years ago in Labour
OK. the email system does not work in our organisation. Documents that we have are:
1. Approval from the Chairman with his signature for the pricing given by the first vendor.
2. PO signed by Director as authority & me as verifier
3. Cancellation intimation has not been received till now from the management.
4. Vendors mail detailing the breakup of the penalties.
PO was raised, and payments (as described) processed before even my offer letter.
Goods are now procured & partially delivered from the local vendor, however payment is still pending both from first vendor & to the second local vendor. I'll anyway be bearing the difference of 1 lakh myself proactively.
now the question is that if the transaction is completed successfully, am i liable to pay for the penalties imposed by the first vendor.
Asked 10 years ago
