having worked in the top managment of a few IT firms, I can say that work bonds in India are just a bluff. Go ahead and break it. If you are not doing permanent harm to company ( stealing stuff or enciting large groups of employees to go with you) - the company will not care. Now it may be diffrent if you have been forced into a loan or something like that - in that sense, forced debt is illegal - and there are exisiting laws against it. No one can force anyone to take a debt in order to retain a job.
