First thing First: Record irrefutable evidence of threats of Forced resignation or termination (audio/visual/minuted/witnessed). Even if you don't use it for the time being.
Download performance data.
Firm up your next venture ASAP.
Once you have everything make gentle representations to good offices of appointing authority, MD,Chairman etc and slip away from the penultimate action for the time being.
For coverage by labor Laws get your employment related documents aexamined by an able counsel specializing in Laabor-service matters.