Notice Period

Below term is mentioned in my appointment letter. Can company force me to serve 3 months notice period forcefully, eventhough I am ready to pay amount due to shortfall of notice days? What if company doesn't agree and not provide relieving letter? 17. TERMINATION OF CONTRACT This contract may be terminated at any time by either party by giving 3 months' notice in writing to the other, subject, however, to the Company's right to pay 3 months' salary in lieu of such notice to you. Further, in the event of your giving a notice of termination shorter than the above period of 3 months, the Company shall have, at its own discretion, the right to adjust any leave due to you and/or recover from you such amounts towards notice pay for the shortfall in the period of notice. The Company may at its sole discretion terminate the Contract of Employment without notice and / or salary in lieu of notice, if in the opinion of the Company, the continuance of your employment is detrimental to the interest of the Company. Provided that, in the event of termination as provided herein above, all benefits / perquisites/allowances shall stand forfeited immediately, and you will only receive any statutory benefits as applicable to you on the date of your termination.