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Employee Rights when company shutting down without any prior notice.
09-Oct-2023 (In Labour & Service Law)
I work for an E-commerce Pvt. Ltd. company like a startup. Without any notice the company said they are shutting down. My salary till the last month has been paid without any due. As per contract I should be given 45 days notice. Reason for shutdown : Investors doesn't want to spend more money and business is not making profit. Company doesn't have any asset other than computers and laptops. What are the steps if any to claim severance pay ? Do i need to go to court and all that ? Please revert as soon as possible. Thank you.
This is my response to you:
1. Send a legal notice and claim money with compensation;
2. You can also file a company application in court for recovery of money;
3. They are bound by the contract and there is violation of the contract;
4. Major injustice has been done to you and you must take steps at the earliest;
5. All of you should file complaint together;
6. Consult a local lawyer and take steps.
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Adv. Gowaal Padavi
Mumbai | 1000+ Answers
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