Hi,
My name is Anand & I was a part of an organisation for almost 11 years - which is currently defunct. I decided to move out of the organisation before it decided to shut it's operations & have gone through the formal procedures. Which means, my resignation was sent out, accepted by the management & was issued a relieving letter along with the F & F Statement.
However, the full & final settlement appears to be only on paper & has not been paid till date. This includes my salaries for the last 3 months, gratuity, etc. The managing director of the company has only one answer ' no money to pay you'. In fact, the last time that I had followed up with him, I only got to hear a lot of 4 letter foul words that I cannot mention here. All this was done on sms & I have copies of them.
Another development is that the organisation has voluntarily accepted to wind up & the courts have appointed an official liquidator to take care of the final formalities.
My question is - what would happen to my settlement? I had also lent this person a loan (in the company's name, copy of the pass book available to substantiate this) which is now being refused as well. Both put together add up to a significant amount which I am in dire need of. What steps can I take to handle this?
Just to give you a little more detailing, I am mentioning the timelines below -
a) Period of working with the Organisation: May, 2000 to September, 2011
b) Date of relieving: September, 2011
There have been innumerable follow ups on the settlement of dues, for which several promises were made which were not kept. Now, he is refusing to even pay.
Your guidance shall be highly appreciated.
Regards
Anand
