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Hello Sir,
I am in a critical situation. My friend and I were offered a three-month contract for the roles of CTO and CEO. The contract stated that 5,000 to 10 interns would be paid by the founders, and based on our performance over these three months, further decisions would be made, including the potential offer of equity.Initially, we hired three interns with salaries of ₹10,000, ₹5,000, and ₹5,000. The founders initially paid the CTO ₹25,000 and ₹20,000 to the interns. However, later, they stated that since the work was not progressing as per their expectations, they would withhold further payments.
After a month, the CTO hired four more interns to accelerate progress but did not CC the founders in the communication. He assumed he would be able to pay these interns once he received his salary from the founders. The founders paid the old interns ₹20,000, but the CTO did not receive his ₹25,000 salary. Their explanation was that the work was not meeting their expectations.
In the final month, the three previously hired interns were not paid, nor were the four new interns, as the CTO had not received any payment from the founders. The founders continued to claim that the work was not aligned with their expectations. Despite this, the CTO and CEO were working in the company’s best interest, developing the website, app, and other necessary components.
Now I am cto and ceo both are financially struggling somehow managing their daily routine . Hmwhat consequences they can face please guide
I have attached the contract and the founder message too
https://drive.google.com/file/d/16XQSUpgKyhoGhc1j7Sd65KgmH11yJ09d/view?usp=drivesdk
https://docs.google.com/document/d/1s9fwcvCly1IrAg4jqrxlFkfwsDBcEtqr/edit?usp=drivesdk&ouid=117922006760345238768&rtpof=true&sd=trueEverything the founders do was on the favor of the company but founders are misunderstanding it please help legally
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