Public Relations

Govt receives complaint against Shubiksha

The government today said it has received a complaint from an ex-employee of Subhiksha alleging that the company had not paid salary for three months and closed all units without any communication. - NEWSALERT: Adlabs files winding up petition of Subhiksha Trading Services - Lenders working to revive Subhiksha: MD">Lenders working to revive Subhiksha: MD - Madras HC says no to Kotak"s plea in Subhiksha matter - Subhiksha"s CDR process to be over by July 31 - Subhiksha debt restructuring to be over by 31 July : MD - Subhiksha gets interim stay on liquidator "Anil Kumar, an ex employee of the company has made a complaint alleging non-payment of salary for three months and closure of all units without any communication from the management," Corporate Affairs Minister Salman Khurshid told the Rajya Sabha in a written reply. Earlier, employees of Chennai-headquartered Subhiksha had laid siege to the local head office alleging non-payment of salaries. In Chennai alone, there are about 1,000 employees, both on contract and on the roll, who have not received their pay packets since October 2008. The cash-strapped retail chain had also acknowledged that salary cheques of some of its employees had not been honoured due to non-availability of liquidity. It has been alleged that there has been a diversion and mismanagement of funds of the company. The Registrar of Companies had recommended inspection of its books of accounts.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

News of the day
Sachin's bat on eBay auction
All Sachin Tendulkar fans, who are already on a high celebrating the master blaster"s 20 years in international cricket, have another reason to rejoice as they now have a chance to own a bat autographed by him.
Popular Articles

Axis Bank sweetens home loan offer
Upping the ante in the home loan war, the country’s third largest private sector lender Axis Bank today announced a sweetened fixed-cum-floating home loan offer.

Farmers' resounding no to Bt brinjal
It was the biggest line-up of farmers’ organisations and they came to Delhi from all parts of the country with one clear message: they did not want to grow the genetically modified (GM) version of one of the country’s most popular vegetable, the brinjal. The leaders looked mild enough but they said they would resort to “direct action ” if their voice was not heard and they said they represented 200 million farmers in the major brinjal-growing states.