Mayur V Patel 10 April 2018

Unpaid salaries for 4 months - urgent guidance required

Dear concerned members / senior members of the fraternity,

Greetings for the day.

I have been working (as an Operations Manager) with a private firm since past 3 years, the details of which are given below:

Holachef Hospitality Pvt. Ltd.
CIN - U55209MH2014PTC253600
Registration no - 253600
Category - Company limited by shares
Head office - Chandivali, Mumbai
Area of operation - Mumbai, Maharashtra
Date of incorporation - 26th February 2014
Date of last AGM - 29th Sept 2017
Date of latest balance sheet - 31st March 2017

Director details are mentioned in the below link:

https://www.zaubacorp.com/company/Holachef-Hospitality-Private-Limited/U55209MH2014PTC253600

The issue is that we have been told by the senior management that the organization has run out of funds since October 2017. The employees have not been paid their salaries since December 2017.

Apart from this, the employer's contribution towards PF is unpaid since that time. The creditors / business partners / suppliers / vendors are following up as well for their due money. So in short, the liabilities have piled-up so much that internal as well as external people concerned are following up for their money. The management has given a lot of dates committing the money will be paid soon, but the same is sidelined by saying that there is no money left. All the employees have already had collective meetings with the management trying to explain the challenges faced by this situation, but the outcome is nothing but some more dates (which never comes).

The company runs an online food business, wherein the central kitchen as well as supply chain centres are rented. The only assets that the company has is a lot of machines for food processing.

Now at this point, what should be the next harsh step of action that bring this situation to a conclusion?