Hi,
your CEO Doesn't have right to hold your final settlement, you can seek Adjudication body help to recover your final settlement and seperation allowance from your Employee . For your reference i am quoting this caluse
33C. RECOVERY OF MONEY DUE FROM AN EMPLOYER. - (1) Where any money is due to a workman from an employer under a settlement or an award or under the provisions of Chapter VA or Chapter VB, the workman himself or any other person authorised by him in writing in this behalf, or, in the case of the death of the workman, his assignee or heirs may, without prejudice to any other mode of recovery, make an application to the appropriate Government for the recovery of the money due to him, and if the appropriate Government is satisfied that any money is so due, it shall issue a certificate for that amount to the Collector who shall proceed to recover the same in the same manner as an arrear of land revenue :
Provided that every such application shall be made within one year from the date on which the money became due to the workman from the employer:
if you have any doubt plz ask me
Regards,
Ravi Kumar Gowda