Hi,
Yes certainly you can take legal action against them but before taking up this matter with lawyer, I would suggest you to meet your local/regional labour commissioner/inspect with your written complain against your employer and also to your local police.
You also have to supply your documents to them with your written complain such as your appointment letter along with the issued Termination letter by them, your salary slips/bank statement, your EPF details.
Second, if it is a TERMINATION, there must be a valid reason or something wrong at employee end which forced them to take this action, therefore, I would like to know more about this termination letter and stated reasons in it by them.
Third, you also need to read your appointment letter and termination clause for more which will give you the T&C of your employment which your employer and you both are bound to follow.
Forth, you said that you got this TERMINATION letter from your employer on 10th of Jan, 2014 and also have not provided your salary for December 2013 and other dues, which clearly says there is something wrong which you must discovered or shared with us if anything you have forgotten to include in your query.
To terminate any employee, there is a procedure which employer has to adopt/follow and issue a notice to employee before issuing a termination letter by stating a valid reason or something which favor the employer’s action and against the employee. (Employment/Appointment Letter T&C’s apply)
Moreover, TERMINATION never says that an employee who’s gonna be terminate with whatever respective reason wont be able to get his/her dues or the pending previous month salary but a complete settlement (F&F) with the effective date of termination (if there was no notice period or special terms defined for the same) which is also a right of the said employee.
What I feel is that you still have to share complete details of your case and why your salary and dues for Nov-December 2013 month was not paid previously.
The other thing which says by your query and your pending dues is about financial crisis of your company which forced them to take action, which is RETRENCHMENT but it is certainly not a TERMINATION.
Lastly, in both the cases, your applicable employment terms can help you a lot actually.