Dear Mini,
Dr Vijay Mallya, in their miniature form, exist anywhere and everywhere. However, closure of the company cannot be the grounds for non-payment of wages to the employees.
As a first step, all the employees come together and give your submission to the labour officer of your area. Let us see how labour officer solves the problem. If he does not do anything, all of you come together and make a protest in front of MD's house. Call TV crew of News 9 and let them give wide publicity. Make a protest only when they are free to do the shooting. You may feel that this is a stupid option however, while proposing this, let me tell you that this is a far more powerful option. Entire government machinery was slack till the media did not take up the matter of Dr Vijay Mallya. Now all of sudden, court has woken up, Enforcement Directorate (ED) has woken up and so on. Therefore, pressure through media is important.
If nothing works, then you may lodge FIR in police station. Law will take its own course thereafter.
In India, even Supreme Court has ruled that individual has to fight for the justice or for his rights. Therefore, do not be gullible enough to think that without fighting things will go in your favour.
Thanks,
Dinesh Divekar