My family relies on my salary from a well-known pharmaceutical firm in Mumbai. Sadly, the company is facing financial difficulties and will be shutting down. I haven’t been paid my full wages for a few months. Will the liquidator pay my dues? I heard that only employees are entitled to receive payment in such situations.

Yes, you are entitled to receive your unpaid wages. Under Indian law, employees are considered “creditors” of the company during liquidation, meaning they are owed money and are entitled to be paid by the liquidator. The liquidator will distribute the company’s assets, including any remaining cash, to pay creditors according to their priority.