Edoy22: I feel the pain you are going through. You are in a difficult situation now. I doubt very much if someone would be standing as a guarantor for you. As such, the bank will have no option left but to take legal action against you and should that happen, it will just add to your pain and problems. The question is: Is your unpaid salaries lying with the company enough to pay off the loan? If the answer is yes, then I suggest you first take the matter to the National Human Rights Committee for assistance who may call your company. They may also ask the company to give you a NOC so that you can find another job and settle the loan. If the matter still remains unresolved, then take the matter to the Labour Court which will get you your dues from the employer. On the other hand, if you still feel that eventually the company's business situation will improve, then just manage to bear on and continue somehow with a smile of the face and a frown in the heart. This is because approaching the NHRC or the Labour Court may get a retaliation from your company and they may send you on an exit.
PS: I am not a Kabayan! However, you have all my prayers with you in this hour of difficulty.