Has the company declared itself as bankrupt or is it closing down?
You should have tendered notice of resignation with effective date of resignation/last day in office and reason for resignation mentioned in it and should have let the company accept it before effective date.
It shall be good if all employees join hands and be witness to each other. You may together approach a competent and experienced service lawyer. Your lawyer may prefer to issue a legal notice.
You should not have signed acceptance on the FNF statement and should have marked comments that FNF statement is not correct and you are accepting the payment given by company under protest. You can do it now also by letter, stating that you had lodged protest to the company personnel who handed over the FNF statement, and mention the detail unpaid wages.
Company has squared off dues by deducting notice pay. All of you may take a stand that wages were not being paid and you were not able to meet both ends and hence you had no other option other to leave and notice pay should be waived off.
You can lodge complaint to Chief Inspector under SE act applicable to your state, O/o Labor Commissioner, Wages Inspector, as per explanation of employee in these act and applicable to you or file a civil suit.
The authority shall decide on Mode of Recovery of Unpaid Wages.
Delhi SE act is enclosed.
7. Closing of an establishment to be communicated to the Chief Inspector.
19. Time and conditions for payment of wages.
If your salary is upto Rs.16000/pm
Payment of wages Act:
3. Responsibility for payment of wages.- Every employer shall be
responsible for the payment to persons employed by him of all wages
required to be paid under this Act:
4. Fixation of wage-periods.- (1) Every person responsible for the
payment of wages under section 3 shall fix periods (in this Act
referred to as wage-periods) in respect of which such wages shall be
(2) No wage-period shall exceed one month.