A. It can be presumed that company not running properly because of this severe financial crunch.
B. As per Payment of Wages Act,1936 employer have to pay wages within seven days (In case of strength is less than 1000 employees)counted from the last day of wage period for which wages are payable.If strength of employees is more than 1000 than time limit for payment is within 10th day from the last day of wage period in respect of whom wages are payable.
C. The employer must pay a reasonable interest if a payment, due to the employee, is made late, the Bombay High Court has held. Whether the service contract of the employee provides for payment of interest is immaterial.You are entitled to get 8% interest from the due date of payment of arrears.
D. Issue a legal notice to Reporting Manager and HR team by attaching earlier mail conversation. Thereafter, if no response, you can take legal action by approaching court And you are eligible to get 8% interest over the arrears salary as confirmed earlier point.