While reports have been circulating for over two years about problems &mdash; both financial and legal &mdash; in Deccan Chronicle Holdings Limited (DCHL) and its subsidiaries, things took a turn for the worse on Tuesday, four days after the Bombay High Court had ordered that the office of The Asian Age, a noted newspaper and a subsidiary of DCHL, be sealed with immediate effect.
<img src="http://images.mid-day.com/images/images/2014/mar/13seal.jpg" alt="" /> No place to work: Around 100 employees of Asian Age were left without a space to work after court officers sealed the Mathurdas Compound office. Pics/Bipin Kokate
DCHL has been mired in legal battles for long now, with banks moving court for non-payment of dues. One of the cases, by Tata Capital, had been filed at Bombay High Court, the verdict for which was delivered last Friday.
The newspaper&rsquo;s editorial department, however, soldiered on and punctually released their edition for Wednesday.
Sources at Asian Age say the management will soon be knocking on the court&rsquo;s door for a stay on the order, and make attempts to shift back to the office at Mathuradas Mill compound.
The court&rsquo;s order deprived about a 100 employees of Asian Age of a workspace. Employees working for the marketing and circulation departments in the Lower Parel office are yet to be assigned a new workspace. The 35 members of the editorial team have been shifted to a Kala Ghoda office, where they will be sharing space with Financial Chronicle, a subsidiary of Deccan Chronicle. However, they have now to deal with a grinding space crunch, with only eight workstations to share between them, as they handle production of the paper&rsquo;s Mumbai edition every day.
<img src="http://images.mid-day.com/images/images/2014/mar/13asian-age.jpg" alt="" />
An employee said, &ldquo;We knew there were some issues, but it never affected us in terms of salary or increments. We had our salaries coming in every month and so we didn&rsquo;t ask. The news came to us when we walked in to the office on Tuesday. There were some court receivers who had come to seal the office. We worked for Wednesday&rsquo;s edition, while the court officers courteously waited outside. Once the edition was sent to the press, we left.&rdquo;
Members of the management of Deccan Chronicle Holdings Limited were unavailable for comment.

Around 100 employees of Asian Age were left without a space to work after its office at Lower Parel was sealed by court officers

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Court receivers swooped in on Tuesday and locked up the Mathuradas Mills Compound property, four days after the Bombay HC delivered the order in a case involving Deccan Chronicle Holdings Limited

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