Hi, I face the same scenario but this time the company wants me to pay within 7 days (never mutually agree on this matter). It's true it said one month salary in lieu of notice but never said anyyhing about the period of getting back rite?? I tried to talk to them to pay monthly at some fixed rate but they refuse. Didnt even answer my question regarding the 7 days notice. I definitely can't get that amount in a week. Maybe in few months can. They said 'if not pay within 7 days the company will take action'.

1) how long before they can send me lawyer notice
2) can the amount increase if i dont pay within 7 days?