Company Not Giving Form16 As They Havent Paid Tax

Dear Seniors
(Requesting you to share your views on below query or direct me to any discussion thread which answer these query. i couldnt find this query discussd in deatails on this forum)
Today is 26th July 2013, precisely 6 days away from last day of filling returns. My organisation is undergoing some financial crisis and is delaying issuing Form16.
I understand that Form16 shoud be issued before 31st May of that financial year.
I visited www,tdscpc.gov.in to check form 26AS and could see that my organisation has only paid 40% of total deducted tax to government.
I understand that paying tax in employers responsibility and they would be penalised for delay.
please let me know if i can go ahead and file returns without Form16 t( i know my tax liabilities) , Will there be any issues in future in case employer doesnt pay tax.
Thanking you in advance.

Things got worst , i am informed that Form16 will be given in 3rd week of August.
Havent see such thing in my 8 years of service, any guidence would be appreciated...
Thanks

If the employer does not remit the tax deducted from your salary and you file your return, there is a high likelihood that the income tax department will send you a notice asking you the remit the tax (which has not been remitted by your employer) on your salary.