Dear Vidhi Sadh,
I can understand your position. Working under an abusive boss is terrible. People are caught in a rock and hard place. On the one hand, because of the financial situation, they cannot quit their employment. But they cannot put up with the boss who torments them mentally.
So what is the way out? You have sought a legal remedy. However, before embarking on a legal remedy, will it be possible for all the employees to come together and give collective submission to the MD of the company? Anyway, If MD is also a CEO, then this formula will not work. If the MD is a different person, even then also this formula may not work because the abusive CEO knows very well that he enjoys immunity from the MD.
Therefore, the best way is to quit the employment. I know it is easier said than done. However, insults could be impacting your mental health. You need to take care of that also.
In the meanwhile, develop a carefree attitude. Abuse at someone's hand does not lower your value. It remains intact. Without putting yourself down, look at the future. Today you could be passing through a dark tunnel does not mean you do not bright future. Learn new skills, learn something new and prepare yourself for a better job!
Lastly, in the heading of your post, you have written "POSH". What do you mean by that term?
Thanks,
Dinesh Divekar