Where is there is a will there is way, you can find so many inputs in our renowned websites. Some excerpts which I found may be useful for your guidance.
7th August 2019 From India, New Delhi
The facts that the Company has got 100 or more employees still on its roll, salaries of the employees are overdue for months together, pendency of legal proceedings against the management for non remittance of dues to ESIC,EPFO etc, frequent representations and agitations of employees about their dues go simply unheeded by the management, disposal of some of the assets under the guise of funds mobilization and the absence of any concrete efforts by the management to remedy the situation are indicative of the management's firm decision to allow the Company to die a natural death.
Under these circumstances, my suggestion to the existing employees including the poster would be only to seek alternative employment and resign forthwith and file claims in the appropriate forums for the pending dues like salary, gratuity etc. I don't think that the creditors like banks, other financial institutions would sit their legs crossed but initiate recovery proceedings through the concerned fora. In such a situation the Company would be ordered to be wound up and liquidation process would be set into motion wherein first charge could be created against the employees' dues.
It is wise to jump out of a ship before it gets starting to sink!
7th August 2019 From India, Salem