The termination is for alleged misconduct, violation of code of conduct,breach of faith, and has declined payment of notice pay.
It shall haunt you in future.
The company has claimed that the ................................company considers it propreitory.
It may not neccessarily be.
The payment of wages in case of termination is on LWD,within say next 3 days, or max by usual pay day.
Asking,saying,said,telling are all verbal mode of communication and difficult to prove.
Hence you may ideally alongwith other terminated employees may approach an able counsel alongwith all employment related documents of each one at different designations and contest the termination order.
Starting or planning to start one's own business is not misconduct.
If you have not signed any clause on Non Solocitation then there is no breach.