News > No capacity to pay wages? Place balance sheet in court: Centre

No capacity to pay wages? Place balance sheet in court: Centre

Moneycontrol | 04/06/2020 06:55 PM | Click to read full article

The Centre has justified in the Supreme Court its March 29 direction, asking private establishments to pay full wages to workers during the COVID-19 lockdown and said that employers claiming incapacity in paying salaries must be directed to furnish their audited balance sheets and accounts in the court. The government has said no material has been placed on record to establish that employers are not in a financial position to pay their employees.