Please suggest if closure of foreign IT company without notice period , without clearing pending salaries is valid in India or Not. A 10 years old foreign company continued its operation in India with almost three months salary backlog. When employees asked the HR to clear their salary, just after two days Company send email to all employees on weekend (offday) that compny will be liqudated and it stopped its operation. When employees asked about pending dues, notice period etc.. via official emails account, immediately all official emails get blocked and they get response to their personal email that company is running with huge loss and will try to give all dues as soon as possible after damage control, but no specific date mention. Even the company blamed an employee that ;the closure was her advise though she was not a member of any bord/commitee; just an old employee who shouted for timely payment. The managing partners said their partnership still not on paper, though they have been declared as partners in a general official metting. The local partners and foriegn director are confident that court cases run very long here and declared verbally that no hope to get dues.
Please advise what can be done to recover the dues ? even there is candidate who continues own treatment from his salary and facing terrible problem by such closure, still ready to fight. while director/partners already confident that any legal dispute will take very long time within our present structure; any hope for us ?