Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline.

The EPFO threatened to attach the personal bank accounts of Subhiksha MD, R Subramanian and properties of the retail chain to recover dues worth Rs 1.76 crore.

Meanwhile, company's MD has expressed his desire to pay the dues against laws and the PF Commissioner may take further decision regarding it in few days.

The company said, "As part of the hearing, the company had clarified its position regarding the financial situation and the fact that a CDR (corporate debt restructuring) was underway."

Subhiksha Trading Services is facing tough situation due to economic slowdown and its move to merge with Chennai-based Blue Green Constructions. Its shareholders including ICICI and an entity promoted by IT major Wipro Chairman, Azim Premji expressed concerns over firm's behavior towards its partners.